October 2023 bonds were undersubscribed, with the overall subscription rate coming in at 31.5%, albeit lower than the undersubscription rate of 97.2% recorded in September 2023.
The tap sales for the bonds FXD1/2023/02 and FXD1/2016/10 received bids worth Ksh.3.4 billion against the offered Ksh.15.0 billion, translating to an undersubscription rate of 23.0%, with the government accepting bids worth Ksh.3.4 billion, translating to an acceptance rate of 97.9%.
The subsequent reopened bonds FXD1/2023/02 and FXD1/2023/05 received bids worth Ksh.12.3 billion against the offered Ksh.35.0 billion, translating to an undersubscription rate of 35.1%, with the government accepting bids worth Ksh.6.3 billion translating to an acceptance rate of 51.3%
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