Treasury targets Sh60 billion from two bond auctions next January

Treasury building in Nairobi on June 11, 2020. PHOTO | SILA KIPLAGAT | NMG

The Treasury is targeting Sh60 billion from two bond auctions in January 2022, looking to take advantage of a lack of maturing debt in the month to close the domestic borrowing target for the year.

The Central Bank of Kenya (CBK), the State’s fiscal agent, said the first of the auctions will take place on January 4, for a reopened five-year bond first sold in 2020.

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