The government has opened the first switch bond transaction for the fiscal year, seeking to roll over the maturity of a 10-year bond of Sh103.4 billion into a 15-year paper.
The bond prospectus published by the Central Bank of Kenya (CBK) on Tuesday shows that the Treasury is asking holders of the 10-year paper, due to mature in August next year, to move their funds into a reopened 15-year bond issued in April 2022.
