The central bank of Kenya. Photo/the-star.co.ke

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The Treasury wants to raise  Sh30 billion through sale of a 10-year bond.

It is the first major offer this financial year, which started on July 1.

The Central Bank of Kenya (CBK) announced bids for the bond beginning Friday until July 25.

Buyers will be expected to fetch in the upwards of 12.5 per cent in returns.

Analysts said they expect the bond to be snapped due to a fairly liquid market.

“Where are 10-year yields right now? I think it will fly off the shelves and it’s a screaming buy,” Aly-Khan Satchu, a Nairobi-based financial analyst.

“Inflation, excluding food, is set to turn negative, the shilling remains alpha and double-digit returns look very juicy.”