Kenya plans to raise KSh 1.03 trillion (US$7.6 billion) from domestic bonds and Treasury bills in FY2026/27, leaning on local markets as external…
Africa · Eastern
Key Facts
—The target. Kenya aims to raise KSh 1.03 trillion (US$7.6 billion) from domestic government securities in the fiscal year starting July 2026.
—The mix. The figure covers both Treasury bonds and Treasury bills, not bonds alone.
—Strong demand. A recent KSh 70 billion bond auction was 206 percent oversubscribed, drawing KSh 144.47 billion in bids.
The National Treasury is expected to issue the securities in two equal tranches, starting September, 2026.
Bond prices and yields (the interest rates) have an inverse relationship where the cost of purchasing a bond edge higher when…
The CBK has been issuing discounts to investors in long-term bonds in a move that effectively raises their returns to reflect the…
A new report warns that Kenya’s growing reliance on domestic borrowing is crowding out long-term investment in infrastructure.
Latest debt figures indicate government’s continued heavy reliance on domestic lenders.
The rise in debt comes even as the government has accelerated a series of liability management operations designed to smoothen…
