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Apex bank retires Sh20bn bonds early, misses larger target
The government’s domestic bond issuance calendar for the 2025/2026 fiscal year shows that the Treasury planned for six domestic bond buybacks, including papers valued at Sh103.4 billion with an August 2026 maturity and Sh144.5 billion maturing in September 2027.
The November Treasury bond buyback failed to hit its target of Sh30 billion after the Central Bank of Kenya (CBK) rejected more than a third of the offers made by bondholders.
The CBK bought back Sh20.08 billion worth of the securities out of offers of Sh34.3 billion at a price of Sh103.29 per bond unit of a face value of Sh100.
