T-bill holdings fall 8pc as CBK shifts more debt to bonds

The Central bank of Kenya, Nairobi on Sunday, November 22, 2020. PHOTO | DENNIS ONSONGO | NMG

The share of government’s domestic debt held in form of Treasury bills dropped by eight percentage points in 2021, reflecting the increased effort by the Treasury to reduce refinancing risk.

Central Bank of Kenya data shows the outstanding stock of T-bills stood at Sh709.3 billion at the end of last year, accounting for 17.58 percent of the total domestic debt stock of Sh4.03 trillion.

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