Kenya's Treasury is seeking to raise an additional KSh 40 billion through the reopening of two long-term bonds, continuing its strategy of front-loading domestic borrowing for the FY2025/26 budget. This move underscores the government's aggressive approach to financing its fiscal needs early in the year.

• The target for this bond sale is KSh 40 billion, contributing to the FY2025/26 budget's KSh 634.8 billion gross domestic borrowing plan.
• The Central Bank of Kenya will conduct the auction between October 23 and November 5, with settlement on November 10.
• The bonds, FXD1/2012/020 and FXD1/2022/015, carry coupons of 12.000% and 13.942%, with remaining tenors of seven and 11.4 years.