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12-year infrastructure bond yields 12 pct

26 September 2013, 09:43

Nairobi - The Central Bank of Kenya sold its sixth 12-year infrastructure bond on Wednesday, which was oversubscribed and paid a weighted average yield of 12.363 percent, broadly in line with market expectations.

CBK said it received bids worth 37.6 billion shillings and accepted offers worth 19.9 billion shillings. It had intended to raise up to 20 billion.

The yield on the 182-day Treasury bills also on sale fell to 9.670 percent from 9.694 percent last week, while the rate on 364-day bills dipped to 10.308 percent from 10.413 percent.

- Reuters


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