Kenya floats 400 mln USD T-bond for budgetary support amid low uptake
Contributed by NAMPA / Xinhua.
NAIROBI, Aug. 10 (Xinhua) -- Kenya seeks to raise 400 million U.S. dollars this month through the sale of Treasury bond for budgetary support.
The money would be raised through a 10-year Treasury bond worth the amount which the Central Bank put up for sale on Thursday.
"The Central Bank acting in its capacity as fiscal agent for the Republic of Kenya invites bids for the above bond for budgetary support," said the bank in a prospectus seen Friday.
Investors will start bidding on August 10 ...