Kenya to raise 30bn shillings this month via bonds

NAIROBI: Kenya will sell a five-year Treasury bond and re-open an existing 20-year Treasury bond this month to raise up to 30 billion shillings ($343 million), the central bank said on Monday.

The bank said the five-year bond's coupon rate will be determined by the market during the sale on June 18 while the 20-year bond will come with a rate of 12.000 percent.

Both bonds will be on sale until June 17.