Treasury signals more switch bonds in 2023

DNBungeTreasury1302

National Treasury and Economic planning CS Prof Njuguna Ndung’u on February 13, 2023. PHOTO | LUCY WANJIRU | NMG

The National Treasury has signalled the issuance of new switch bond auctions this year as part of its plan to manage debt by prolonging the maturity of outstanding domestic securities.

The exchequer plans to issue medium to long-term bonds to replace shorter-dated instruments such as Treasury bills as it faces record-high domestic maturities in 2023.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.