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2 clusters · 9 sources · 3 days · First seen · Last updated

Government security demand in Kenya

Overview

The Central Bank of Kenya (CBK) initiated a Sh60 billion Treasury bond sale to finance the government budget, offering two fixed-coupon securities with maturities in 2039 and 2056.

Following these offerings, investor demand for government securities showed significant strength in Kenya. In a recent auction, the CBK received bids totaling Ksh 55.5 billion against an advertised amount of Ksh 28 billion. This high level of interest resulted in marginal declines in interest rates for 182-day and 364-day Treasury bills.

Entities

Central Bank of Kenya · Debt Management Office · Nigeria · Kenya · Nairobi Securities Exchange

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    Investor demand surges for Treasury bills in Nigeria and Kenya

    Investors in Nigeria and Kenya have shown strong appetite for government securities, with Treasury bill auctions in both nations significantly oversubscribed.

  2. 4 days ago

    [BUSINESS] 8 sources
    Central Bank of Kenya opens Sh60 billion Treasury bond sale

    The Central Bank of Kenya has launched a Sh60 billion Treasury bond sale featuring two long-term securities to support government budget needs, with bids closing on September 16.

Sources

biznakenya.com · businessdailyafrica.com · businessday.ng · businesselitesafrica.com · businesstoday.co.ke · dmarketforces.com · ecofinagency.com · marketnewsng.com · radiogeneration.co.ke