NAIROBI: Kenya's central bank said on Thursday it will auction up to 15 billion shillings ($172 million) of two-year Treasury bonds in May.

Sale proceeds will be used for budgetary support, the Central Bank of Kenya said.

The bonds will be on sale between May 7 and May 20 and auctioned on May 21.

At the last sale of two-year bonds in March, the weighted average yield fell to 10.803 percent from 11.553 percent previously.