The Treasury is set to introduce an issuance threshold of Sh50 billion for local bonds under proposed measures meant to strengthen the efficiency and reduce the cost of the government’s domestic borrowing.
The reforms, which are backed by the World Bank as part of a package tied to the Development Policy Operations (DPO) financing programme currently underway, are emphasising strengthening of benchmark bonds which will set performance standard for other bonds in terms of pricing and evening out liquidity.
