{"id":133291,"date":"2025-11-13T17:38:12","date_gmt":"2025-11-13T17:38:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/133291\/"},"modified":"2025-11-13T17:38:12","modified_gmt":"2025-11-13T17:38:12","slug":"kenya-seeks-260-million-in-market-funding-to-cover-budget-shortfall","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/133291\/","title":{"rendered":"Kenya seeks $260 million in market funding to cover budget shortfall"},"content":{"rendered":"

\n “The Central Bank of Kenya, acting as fiscal agent for the Republic of Kenya, invites bids for the above bonds,” the statement read.\n <\/p>\n

\n The 15-year bond offers an annual return of 12.34 percent, while the 25-year paper yields 14.19 percent, both subject to a 10 percent withholding tax.\n <\/p>\n

\n According to the National Treasury, Kenya’s total public debt increased by Sh250 billion (approximately $1.63 billion) between June and September 2025, primarily driven by domestic borrowing of Sh340 billion ($2.22 billion).\n <\/p>\n

\n Meanwhile, external debt declined by approximately Sh80 billion ($520 million) over the same period.\n <\/p>\n

\"President <\/p>\n

\n This shift reflects President William Ruto’s ongoing push to reduce exposure to costly external loans, which often heighten foreign exchange pressures on the Kenyan shilling.\n <\/p>\n

\n CBK noted that secondary trading for both bonds will begin on November 24 through the DhowCSD platform or licensed financial institutions, allowing investors to trade in multiples of Sh50,000 ($325).\n <\/p>\n

\n Analysts view the reopening of these long-dated papers as part of CBK’s strategy to lengthen the maturity profile of domestic debt while offering investors stable, long-term income opportunities amid stabilising interest rates and easing inflation expectations.\n <\/p>\n

\n As Kenya balances fiscal consolidation with the need to maintain infrastructure and social spending, Treasury bonds remain a vital lever in its domestic resource mobilisation strategy.\n <\/p>\n","protected":false},"excerpt":{"rendered":"“The Central Bank of Kenya, acting as fiscal agent for the Republic of Kenya, invites bids for the…\n","protected":false},"author":2,"featured_media":133292,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-133291","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/133291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=133291"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/133291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/133292"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=133291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=133291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=133291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}