Treasury targets Sh 50 Billion from two bonds from February boosting state loans

National Treasury Kenya

 

National Treasury projects raising Ksh.50 billion in locally incurred debt from the sale of bonds in February.

The Central Bank of Kenya (CBK) which raises funds locally on behalf of the exchequer has reopened two bonds timed at 7.1 years and 11.8 years to investor bids.

Incomes from the pair of bonds to be used in budgetary support while the CBK will be attempting to keep investor returns in check at 11.25 and 12 per cent respectively.


The sale of the two bonds which kicked off on Tuesday will close on February 2.


Analysts project the 7.1 years timed bond to see the highest subscription rates from investors who remain to favour shorter papers in avoidance of duration risks.


On its part, the National Treasury will seek to continue leveraging supported investor tastes for government securities to reach its local borrowing mark estimated at Ksh.572.7 billion by June.

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