Kenya to sell 5, 15-yr bonds worth Sh25bn in April

The Central Bank of Kenya. Kenya will auction five-year and 15-year Treasury bonds worth up to 25 billion shillings ($294.5 million) in April, the Central Bank of Kenya said on Friday. Photo/Salaton Njau 

By Reuters

Kenya will auction five-year and 15-year Treasury bonds worth up to 25 billion shillings ($294.5 million) in April, the Central Bank of Kenya said on Friday.

The 15-year bond will carry a coupon rate of 12.00 per cent while the coupon on the five-year bond will be market determined, the bank said.

Both securities will be auctioned on April 24.

Kenya's last sale of a five-year bond in January fetched a weighted average yield of 12.791 per cent, while the weighted average yield on the 15-year bond rose to 13.629 per cent at auction in February.