Nairobi, April 26 -- The Central Bank of Kenya (CBK) has opened the sale of a Sh10 billion switch bond that is offering higher return to holders who accept the swap, after the last such issuance flopped when investors were asked to take a rate haircut.

At the same time, the CBK has reopened three other bonds for the May 2026 monthly sale, targeting Sh80 billion as it races to fill the Treasury's expanded domestic borrowing target of Sh998 billion.

In the switch offer-the fourth one done this year-the CBK has asked holders of a 10-year bond that matured in July 2027 the opportunity to move to a 20-year bond that matures in 2041. The 10-year bond pays annual interest of 12.96 percent, compared to the 20-year's rate of 13.44 percent.

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