Capital Markets Treasury back in the market with Sh50 billion bondThe CBK said the coupon rates on the two tranches will be market-determined. FILE PHOTO | NMGThe Treasury has returned to the market with a new Sh50 billion bond issue, hot on the heels of an undersubscribed infrastructure bond whose sale closed last week. Last week, the Treasury concluded the sale of a Sh50 billion 25-year infrastructure bond. The interbank rate, a good indicator of market liquidity, fell to 2.3 percent last Friday compared to 3.5 percent the previous week. The Treasury has been issuing two tenor bonds in recent months — other than the infrastructure bond issued earlier this month — giving investors seeking short-term bonds an opportunity to invest.

Source: The North Africa Journal March 25, 2019 19:37 UTC