The Central Bank of Kenya (CBK) has raised an additional Sh29.2 billion from the tap sale of June bonds as it races to close out domestic borrowing programme for the 2025/26 fiscal year amid higher resource requirements.
The government's fiscal agent, which has already conducted two bond auctions this month, has again offered the 20- and 25-year papers to investors from Tuesday to Thursday or upon attainment of the Sh20 billion target.
Investors showed a strong interest in the tap sale, placing bids of Sh31 billion that saw the sale closed on the first day as the CBK accepted Sh29.2 billion.
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