The Central Bank of Kenya (CBK) has initiated the reopening of two-year and five-year treasury bonds in early October with the goal of raising KSh 55 billion to support the national budget. There is growing anticipation regarding the yield these new treasury bonds will offer.
Offer to Investors by CBK As per the details provided in a prospectus available on the state fiscal agent’s website, the coupon rates for the two-year and five-year treasury bonds stand at 16.97% and 16.84%, respectively.
The sale commenced on October 2, 2023, and is scheduled to conclude on October 11, 2023. The redemption dates for the two-year and five-year treasury bonds are set for August 18, 2025, and July 10, 2028, respectively.
The auction for these treasury bonds is slated for October 11, 2023, and the results will be made available to successful bidders by the DhowCSD on Friday, October 13, 2023.
Investors interested in participating in the treasury bond bids are required to submit their applications electronically through the CBK DhowCSD or Treasury Mobile Direct (TMD) by 10:00 a.m. on Wednesday, October 11, 2023.