The Central Bank of Kenya (CBK) is seeking to raise Sh75 billion from the sale of an 18-year infrastructure bond on which investors will not pay taxes on interest received.
This is the second such paper following the February auction that raised Sh98.6 billion, surpassing the government fiscal agent’s target of Sh75 billion. The bond came with a 12.96 percent tax-free interest, making it the most lucrative security the government has issued in recent years.
