The Treasury is seeking to raise Sh40 billion in December bond sale, a lower amount than the previous months’ targets amid improving tax collection as Kenya continues to recover from the Covid-19 related economic slowdown.
The Central Bank of Kenya (CBK)— the government’s fiscal agent — said in a prospectus that the bond will be offered in two tranches, consisting of reopened 10 and 20-year papers first sold in 2019 and 2018 respectively.
