The Treasury, in a lately rare event, missed the Sh50 billion target for the 10-year bond issue whose sale closed at the end of last week, reflecting tightening liquidity conditions and the market adopting a wait-and-see attitude on the direction of interest rates.
Central Bank of Kenya (CBK) Friday said the bond raised Sh38.37 billion— a performance rate of 76.75 percent—out of which the government’s fiscal agent accepted Sh28.35 billion.
