Kenya Central Bank to issue bonds worth $197 million
Kenya’s central
bank will issue a five-year bond and re-open another 10-year paper for
a total 16 billion shillings this month, a fixed-income dealer said on
Monday.
The bonds will be
auctioned on January 26, said Fred Mueni, director at brokerage Tsavo
Securities after attending a central bank meeting with market players
to determine what bond would be offered for auction.
“They will be
re-opening the 10-year paper at a coupon of 9.307 percent, plus a new
five-year paper, totalling up to 16 billion shillings,” said Mr Mueni.
Initially issued in October 2010, the 10-year bond’s market-determined coupon was 9.307 percent.
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