June 6 (Bloomberg) -- Kenya’s central bank plans to offer three Treasury bonds with two-, five- and 20-year maturities this month to raise 18 billion shillings ($207 million), said Fred Mweni, chairman of the country’s Bond Traders Association.
The offering was decided on at a meeting between central bank officials and the so-called Market Leaders Forum of securities traders on June 3, Mweni said in a phone interview today from Nairobi, the capital. Mweni, who is also managing director of Tsavo Securities Ltd., didn’t say when the auction would be held.
The five-year bonds will be a new issue, while the two- and 20-year securities are being reopened, he said.
--Editors: Paul Richardson, Ana Monteiro.
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