Kenya offers 12-year infrastructure bond for tap sale
01 October 2013, 13:26
Nairobi - Kenya has offered to extend the sale of a 12-year infrastructure bond it auctioned in September through a tap sale, the Central Bank of Kenyan said on Tuesday.
The bank said it will offer an additional 16 billion shillings, fixed at the initial auction interest rate of 12.363 percent, in three tranches between October 1 and December 27.
The bank sold its sixth 12-year infrastructure bond worth 20 billion shillings on September 25, which was 88 percent oversubscribed.