February 13, 2018 / 5:47 AM / 9 days ago

Kenya offers 15-yr re-opened Treasury bonds for 40 bln shillings

NAIROBI, Feb 13 (Reuters) - Kenya will auction a 15-year, re-opened Treasury bonds this month to raise up to 40 billion shillings ($396.04 million), the central bank said on Tuesday.

The notes, which will come with coupon rates of 10.25 percent and 12.00 percent, will be on offer until Feb. 20, followed by an auction the following day.

Funds raised from the bonds will go towards budgetary support, the bank said. ($1 = 101.0000 Kenyan shillings) (Reporting by Duncan Miriri; Editing by Sherry Jacob-Phillips)

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