Treasury raises Sh53bn from two reopened bonds, exceeding target

The Treasury has raised Sh53.4 billion from two re-opened bonds this month, exceeding its target of Sh25 billion from the 10- and 20-year papers.

Bids on the re-opened papers, which have 8.2 and 13.3 years to maturity, hit Sh71.3 billion, representing a performance rate of 285.27 percent.