By Kingsley Jassi:
The Treasury scrambled to settle mature government securities amounting to K128.85 billion in the final week of August amid mounting pressure on public debt.
Nico Assets Managers reported figures from the central bank that show that the Treasury went on the financial market and managed to raise K89.6 billion through Treasury bills and Treasury notes.
“Total maturities for the week stood at K128.85 billion, resulting in a net liquidity inflow of K39.25 billion,” a weekly market update by Nico Assets Managers says.
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In both Treasury bills and Treasury notes there were no rejections as all bids during the auctions last week were successful, according to the update.
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