Kenya's 12-year infrastructure bond tap sale hits target
NAIROBI Oct 15 (Reuters) - Kenya managed to raise all the 16 billion shillings it was seeking to raise through a 12-year infrastructure bond tap sale in October, the central bank said on Tuesday.
The bank said it had accepted all 15.99 billion shillings ($188.12 million) at an average price of 94.155 shillings.
It had re-offered the bond to raise 16 billion shillings in three tranches between October, November and December at a fixed interest rate of 12.363 percent.
The bank said it had closed the tap sale after it raised the required amount. ($1 = 85.0000 Kenyan shillings) (Reporting by Kevin Mwanza; Editing by George Obulutsa)
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