The Treasury has raced ahead of its domestic borrowing target for the fiscal year following the huge uptake of the September infrastructure bond issuance, taking advantage of a highly liquid market and dearth of alternative investment options.
Having netted Sh106.75 billion in the September infrastructure bond whose sale closed last week, the treasury has now raised a net of Sh278 billion since the fiscal year began in July, representing 42.2 percent of the year’s net target of Sh658.8 billion.
