By JAMES NGUNJIRIMore by this AuthorTwo primary bonds issued this month raised less than the intended amount with the Treasury attracting Sh32.76 billion out of the Sh40 billion offered. The re-opened 15-year and 20-year bonds have 4.9 years and 19.9 years to maturity, respectively. CBK had opted for re-opening of the two bonds to increase liquidity in the bonds and spur trading. The 15-year bond in its initial auction raised Sh7.83 billion. The subsequent tap sale attracted bids worth Sh7.77 billion which were fully accepted.

Source: Daily Nation April 28, 2018 16:52 UTC