Treasury raises stakes as it seeks Ksh.70 billion in August bond sale

The National Treasury has upped the ante in domestic borrowing as it now seeks Ksh.70 billion in August’s infrastructure bond sale.

The raised target in the bond sale from Ksh.60 billion sort in July’s bond sale is attributed to the government’s quest to filter in high investor appetite for Treasury securities amidst COVID-19 led volatility in riskier investment classes.

The Central Bank of Kenya (CBK) will be eyeing to pay less for the 11 year tenured bond as it pegs a 10.9 percent coupon rate on the sale which runs to August 18. Read more

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