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Treasury opens first early domestic bonds buyback
The sale of the infrastructure bonds —14-year and 17-year papers— closes on February 12, with February 17 set as the settlement date for successful bids.
The Treasury has announced the first ever buyback of domestic Treasury bonds, targeting a partial early retirement of Sh50 billion on three papers that are due to mature in April and May this year.
This buyback also marks a change in strategy for the government, which had initially intended to refinance two of the bonds through a switch issuance, which would offer the holders alternative bonds as a rollover option.
