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Treasury February debt hits Sh72bn on week’s bond uptake

Naional Treasury building in Nairobi. PHOTO | FILE
Naional Treasury building in Nairobi. PHOTO | FILE 

The Central Bank of Kenya (CBK) took up Sh25 billion from investors in the 182 and 364-day Treasury bill sales this week, bringing the cumulative borrowing from the T-bill market this month to Sh72 billion.\

The government has been forced to take up more funds from the domestic market to cover for high debt maturities, which in February are expected to hit Sh108 billion.

The State is also in the market for an additional Sh30 billion through an infrastructure bond, which would help roll over some of the maturities.

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