CBK has opened a Ksh150 billion sale of three reopened infrastructure Treasury bonds to finance government infrastructure projects. the offer closes on August 12, with settlement scheduled for August 17. The bonds have remaining maturities of 9.3, 12.7 and 16.2 years, offering fixed coupon rates of 11.75%, 12.667% and 12.737%, and are exempt from withholding tax.
Minimum investment starts at Ksh50,000 for non-competitive bids and Ksh2 million for competitive bids.
The bonds will be listed on the NSE, qualify for statutory liquidity requirements, can be used as loan collateral, and will pay interest twice annually until maturity.
