Kenya plans to raise Ksh.50 billion ($377 million) by selling additional infrastructure bonds this month, according to sources familiar with the matter.
The government intends to reopen two tax-free securities initially sold last year (2023), aiming to attract inflows to support Kenya’s struggling currency.
These details have emerged from individuals requesting anonymity as the information has not yet been made public.
The Central Bank of Kenya (CBK) is expected to announce the offer shortly, with the possibility that the terms of the bonds may be subject to change.
Also Read:Â Kenya Seeks Ksh.50 Billion in July Treasury Bond for Budgetary Support
In an email statement according to Bloomberg, the CBK noted that all Treasury bill and bond auctions are published on its website but did not provide further comments.
The Kenyan shilling has been one of the worst-performing currencies globally this month, weakening by 2.5% due to investor concerns over the impact of ongoing anti-government protests, which have persisted for the past six weeks.
Kenyan infrastructure bonds are particularly attractive to investors because their returns are tax-exempt, offering a beneficial investment option amidst the current economic challenges.
The forthcoming bond offer is expected to help stabilize the currency and attract more investment, contributing to the country’s financial resilience during a period of political and economic uncertainty.
whoah this blog is fantastic i really like studying your
posts. Keep up the good work! You already know, lots of
people are searching round for this information,
you can aid them greatly.
Feel free to surf to my website nordvpn coupons inspiresensation
350fairfax nordvpn
That is a good tip especially to those new to the blogosphere.
Brief but very accurate information… Thanks for sharing
this one. A must read article!
Here is my homepage – nord vpn promo
It is actually a great and helpful piece of info. I’m glad that you
just shared this helpful info with us. Please keep us informed like this.
Thanks for sharing.
Have a look at my website; eharmony special coupon code 2025
What i do not understood is if truth be told how you’re now not actually
a lot more well-appreciated than you may be right now.
You’re very intelligent. You know thus considerably on the subject of
this subject, produced me individually imagine it from a lot of various angles.
Its like men and women are not involved except it’s one thing
to do with Girl gaga! Your personal stuffs outstanding.
At all times maintain it up!
my blog post … vpn