This archive report was first published on 23 July 2019.
On July 23, 2019, the Kenyan government invited investors to purchase a 15-year treasury bond worth KSh40 billion, with the funds raised set to support the current budget.
The bond, which is expected to mature in July 2034, aims to contribute to the government's efforts to generate KSh289 billion from domestic sources to seal the KSh607 billion budget gap.
Investors can purchase the bond at a minimum price of KSh50,000, with interest rates determined by the market and subject to a 10 percent withholding tax.
