Kenya seeks $700 million in infrastructure bond sale amid budget crunch

• Kenya reopens infrastructure bonds to raise $696.6 million amid limited foreign financing
• Central Bank targets lower returns despite investor push for higher yields

NAIROBI, KENYA – Kenya has reopened two infrastructure bonds (IFBs) aiming to raise Ksh90 billion ($696.6 million) for long-delayed projects as the government continues to grapple with constrained budgets and limited foreign financing.