Nairobi, June 28 -- The Central Bank of Kenya (CBK) is seeking to raise Sh80 billion from the sale of four bonds in July including a partial switch of a security maturing on November 9, 2026.

The government's fiscal agent intends to collect Sh70 billion from the reopened sale of 10, 20 and 30-year bonds.

The 10-year paper, which has 5.8 years left to maturity, has a coupon or fixed interest rate of 13.49 percent.

The 20-year security has a 13.444 percent coupon and has 15.2 years to redemption. The 30-year bond, first sold in April this year, pays an annual interest at a fixed rate of 12.5 percent.

The CBK has been issuing discounts to investors in long-term bonds in a move that effectively raises their returns to reflect the jump in ...