This archive report was first published on 3 July 2020.
According to the latest data from the Treasury, as of 29 May 2020, domestic borrowing had already reached KSh 506.981 billion, surpassing the government's net borrowing target for FY2019/20 of KSh 409.7 billion.
The Treasury bills auction of June 11 received bids totaling KSh 69.7 billion against an advertised amount of KSh 24.0 billion, representing a performance of 290.5 percent.
Similarly, the reopened 5-year and 10-year bond received bids amounting to KSh 105.14 billion against an advertised amount of KSh 40 billion, representing a 262.84 percent subscription.
These results indicate huge investor appetite for government securities, with the treasury bonds and bids being oversubscribed in June.
CBK says that the government's net borrowing target for FY2019/20 has been achieved.
Published on July 3, 2020
