The Treasury is back on track on its domestic borrowing plan for the fiscal year after taking up Sh88.7 billion in August’s oversubscribed infrastructure bond (IFB) sale, which raised investor bids of Sh126.32 billion.
The State is looking to borrow a net of Sh413 billion from the domestic market in the 2024/2025 fiscal year—as per disclosures made by the Central Bank of Kenya (CBK) last week— equating to a prorated monthly target of Sh34.4 billion.
