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Kenya cancels sale of 30 bn shillings Treasury bond

PUBLISHED: Thu, 26 Jan 2017 08:24:14 GMT

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Kenya cancelled the auction of a re-opened, 15-year Treasury bond worth up to 30 billion shillings ($288.74 million), the central bank said late on Wednesday.

The bank did not give a reason for the cancellation. Traders said this was the first cancellation of a bond auction by the bank in recent years. It cancelled the sale of 364-day Treasury bill at the start of this month, they added.

($1 = 103.9000 Kenyan shillings)