UK Markets closed

Kenya to sell 5-yr, 20-yr T-bonds worth 40 bln shillings in March - cbank

A teller counts Kenya shilling notes inside the cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI (Reuters) - Kenya will sell five-year and 20-year Treasury bonds worth a total 40 billion shillings ($396 million) this month, the central bank said on Monday.

The bank said in a statement it would receive bids for the two bonds until March 20, and auction them a day later.

The five-year bond will have a market-determined coupon, while the 20-year has a coupon of 13.200 percent.

($1 = 101.0000 Kenyan shillings)

(Reporting by George Obulutsa; Editing by Biju Dwarakanath)