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CBK seeks Sh70bn from three reopened April bonds
CBK is expected to find more success in lengthening the government securities yield curve as interest rates continue to fall, restoring the historical mix between Treasury bills and bonds.
The Central Bank of Kenya (CBK) is seeking Sh70 billion in new borrowing from the domestic market through three reopened bonds, ahead of heavy debt maturities in the next two months.
A prospectus for the sale shows that CBK, the government’s fiscal agent, will be auctioning a pair of reopened 15-year bonds, which were initially floated in February 2020 and April 2022, and a 25-year paper first sold in October 2022.
