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Headline : CBK Seeks KSh50 Billion in August Auction

Read more from the original article on here at kenyanwallstreet.com.






Tags : #cbk #seeks #ksh50 #billion #august #auction



No. of Paragraph 13

The Central Bank of Kenya (CBK) is seeking to raise KSh50 billion from a tap sale of reopened 6.5 year and 17 year infrastructure bonds (IFB) first issued in 2023.

This issuance follows a series of under-subscriptions from the recent CBK sales with the lowest performance being a 2.8 per cent under subscription. The prevailing high rates only raises investor demands for higher real returns considering the perceived high risk involved.

The 6.5 year paper closed its first sale with a weighted average rate of 17.9327%. The issue received bids worth KSh88.9 billion against the KSh50 billion offered, a 177.8 percent oversubscription.

However, CBK accepted KSh67.1 billion, rejecting expensive bids.

Read more from the original article on here at kenyanwallstreet.com.


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