Kenya will sell five-year and 20-year Treasury bonds worth a total 40 billion shillings ($396 million) this month, the central bank said on Monday. The bank said in a statement it would receive bids for the two bonds until March 20, and auction them a day later.
The five-year bond will have a market-determined coupon, while the 20-year has a coupon of 13.200 percent.
($1 = 101.0000 Kenyan shillings)
Reporting by George Obulutsa; Editing by Biju Dwarakanath (Reuters)