Central Bank of Kenya Opens 40bn Bonds

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The Central Bank of Kenya opened a bond sale seeking KSh40 billion to support the national budget. The offer includes reopened 15-year and 25-year Treasury bonds with annual coupon rates of 12.34% and 14.19%, taxed at 10%. Investors must submit bids by Nov. 19 and complete payments by Nov. 24. Treasury data shows Kenya’s public debt increased by roughly KSh250 billion in three months as domestic borrowing rose and external debt fell.