Central Bank: Kenya to sell 20 year infrastructure bond worth Sh50b

Government will in November sell a 20-year amortised infrastructure bond worth Sh50 billion, whose proceeds will be used to fund road, water and energy projects, and the central bank said on Monday.

The bond will have an 11.950 percent coupon, it said, adding that it would accept bids for the bond from Monday to Tuesday, and auction it on Wednesday.