Treasury in race to fund mini-Budget

The National Treasury building in Nairobi. FILE PHOTO | NMG

The Treasury is under pressure to accept a larger proportion of investor bids at the auctions as it races to fill a financing gap that has been widened by the supplementary budget.

Analysts at investment bank Sterling Capital say the relatively friendly ratio of maturities to expected new debt issues favours an acceleration of domestic borrowing for the government.

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