National Treasury now seeks Ksh.50 billion in March bond

Anglo Leasing debt hits Ksh.17.5 billion despite payments suspension

The National Treasury is now eyeing to raise Ksh.50 billion through the sale of bonds in March.

This will be through two bonds that have been re-opened by the Central Bank of Kenya (CBK) which will mature in eight and 17 years and are open for trading and slated to end on March 9, 2021.

Only expensive bidders are being sought and the regulator targets interest rates of 12.4 and 13.2 percent respectively.

As reported by the local online news outlet, Citizen Digital, the exchequer will be hoping to overcome a recent tightening in local financing conditions which saw it miss out on dual-bond target last month.

The bonds issues last month managed to raise Ksh.33 billion against the target of Ksh.68 billion.

Treasury will additionally seek to pull back its domestic borrowing program back in line after hiccups faced in February.

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Lawrence Baraza is a prolific writer with competencies in Digital Media, Print, and Broadcast. Baraza is also a Communication Practitioner currently spearheading Digital content on Metropol TV's Digital Desk.

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