Nairobi, June 23 -- The Central Bank of Kenya (CBK) is eyeing an extra Sh20 billion top up from the tap sale of June bonds as it races to close out domestic borrowing programme for the 2025/26 fiscal year amid higher resource requirements.

The government's fiscal agent, which has already conducted two bond auctions this month, has again offered the 20- and 25-year papers for a short period ending on Thursday.

Investors in the two papers will pay a discount of Sh99.2733 and Sh96.1351 respectively for the two papers which have coupons or fixed interest rates of 13.2 percent and 13.924 percent.

The price of the two papers has fallen below the par value of Sh100 as interest rates on the primary market edge higher, indicating that investors...