Central Bank of Kenya(CBK), the state’s fiscal agent, collected KSh 19,596.80 at the June Treasury Bonds Tap sale out of KSh 25,000 Million on offer against bids worth KSh 15,976.98 Million received, a performance rate of 78.4%.
The re-opened 3-year Treasury Bonds received bids worth KSh 3,621.30 Million, with the state fiscal agent accepting bids worth KSh 3,619.82 Million. In comparison, the 15-year Treasury Bonds attracted bids amounting to KSh 15,985.45 Million, while KSh 15,976.98 Million was accepted.
CBK offer to successful bidders
The state fiscal agent offered a coupon rate of 11.766% for the three-year Treasury Bonds and 13.942% for the 15-year Treasury Bonds.
This is the last treasury bonds tap sale for the 2021/22 financial year, which ends on 30th June 2022 as Government enters a new fiscal year.
SOURCES: THE KENYAN WALL STREET