Kenya central bank to auction 5 year T-bond in April

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The Central Bank of Kenya said the coupon rate would be market determined and the money raised will be used for budgetary support. The paper will be on sale between the 4th and 22nd April 2014, and auctioned on 23 April.

At the last sale of a five-year bond in November, the weighted average yield rose to 11.952 per cent from 11.305 per cent previously.

(WATCH VIDEO: Central Bank of Kenya seeks KSH 10 billion through sale of 5 year bond)