The government has returned to the market for new borrowing worth Sh60 billion via three reopened Treasury bonds, a week after netting Sh179.8 billion from a tap sale of an infrastructure bond issuance.
If fully subscribed, the September bond sale will likely push the Treasury past Sh300 billion in net domestic borrowing less than three months into the current fiscal year, signaling efforts to front-load on local debt at the current friendlier interest rates.
