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Central Bank seeks to raise up to 20 billion shillings through sale of two treasury bonds

12, Jan 2015

The Central Bank is seeking to raise up to 20 billion shillings through the sale of two treasury bonds during the month of January. The bonds which went on sale last week will close on the 20th of January ahead of their auction a day later. According to cbk the money raised from the bond sale is geared towards Budgetary support for the government. The government has been grappling with ways of meeting its 1.7 Trillion budget without crowding out local borrowers.