CBK targets Sh150 billion from reopened infrastructure bonds

The Central Bank Of Kenya.

Photo credit: File | Nation Media Group

The Central Bank of Kenya (CBK) is seeking Sh150 billion from three reopened infrastructure bonds that will make it easier to repay heavy Treasury bills that are maturing from mid this month amid a cash crunch.

The State is facing pressure to repay Sh195.7 billion in 91-day Treasury bills over the next three months after a heavy uptake of debt on the short term security since mid-May.

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