Kenya plans to issue a new Eurobond of an indicative figure of $1 billion, with the proceeds used to buy back the bonds held by the investors of the $2 billion (Sh317 billion) Eurobond maturing in June. Related Economy Ruto sets new Eurobond buyback date as maturity looms Feb 01, 2024...
Capital Markets Treasury signals more switch bonds in 2023 Capital Markets Listed bonds turnover at NSE declines 14pc in first quarter on tougher times Apr 23, 2023 -2 min read The Central Bank of Kenya, the exchequer’s fiscal agent has accepted Sh20.29 billion from the investor ...
The Central Bank of Kenya (CBK) received Sh41.86 billion bids out of a Sh50 billion target for the dual tranche bond that consisted a 15-year paper first sold in 2013 and 20-year paper whose initial sale was in 2012. This means the effective tenor for the two papers is 7.1 years an...
“Options mooted by the government of Kenya include full repayment with multi-tranche bonds; part buy-back and part repayment with multi-tranche Eurobonds; and part swap part repayment with multi-tranche Eurobonds. Finer details and strategy shall be agreed by lead arrangers,” the Treasury ...
There have been growing concerns over the sustainability of Kenya’s public debt, which has ballooned to Sh7.71 trillion from Sh3.62 trillion five years ago. The average time to maturity for Treasury bonds has lengthened to nine years from 7.5 years in June 2019 following the ...
In contrast, the Central Bank of Kenya (CBK) had issued longer-dated papers in the opening half of 2022 including the reopening of a 2021-issued 25-year paper and two infrastructure bonds with tenures of 19 and 18 years respectively. ...
Mr Yatani said the Treasury was aware of the rising concerns among consumers and small businesses over M-Pesa’s transaction charges. M-Pesa accounted for about 99.9 percent of the value of mobile money transactions, underlining the entrenchment of the platform in Kenya’s economy. ...
Investors offered Sh20.93 billion, slightly above the targeted Sh20 billion, with the Central Bank of Kenya (CBK) taking up Sh20.69 billion. The Treasury rolled out the tap sale to cover the deficit on the two bonds issued earlier in the month, which raised Sh20.29 bill...
Kenya is planning to set up an investment bank to increase commercial lending to environmentally friendly projects.
Treasury bonds turnover at the NSE has cooled off on the back of the steeper yields across the opening quarter of 2023. “When comparing the first quarter of 2023 to the same period in the previous year, there was a 14.89 percent reduction in turnover from Sh190.95 billion in...