Treasury targets Sh0.8b in M-Akiba bond extension

Public Debt Management Director General Wohoro Ndohho during the listing of the M-Akiba bond. The Government expects more buying of M-Akiba bonds after polls. [File, Standard]

The National Treasury is betting on more advertisement and the post-election period to raise at least Sh859 million from the M-Akiba bond in the next seven weeks.

The new target will require that average daily buys be tripled from the Sh6.12 million registered in the first 23 days to Sh17.5 million. The best performance was last Thursday, when Sh15 million was raised.