Hard truths.
The 30-year bond, meanwhile, attracted bids worth Sh11.09 billion against an offer of Sh6 billion. This represented a performance rate of 18.49 per cent, with the CBK accepting Sh6.61 billion
The auction was conducted as a switch operation, allowing holders of specified government securities to exchange eligible source securities for the destination bond
The reopened issues comprised the 20-year Treasury bond, FXD1/2019/020, which has 12.8 years remaining to maturity and is due on March 21, 2039, and the 25-year Treasury bond, FXD1/2022/025, which has 21.4 year...
CBK described the initiative as a major milestone in the development of Kenya’s financial markets and a step towards deeper integration with the global financial system