All 17 bonds valued at Kes 209.8bn issued in the year were benchmark tenors, out of which 5, worth Kes 5.4bn were issued through reopen auctions. Overall, 16 benchmark bonds have been reopened since 2009 when the strategy was first employed, bringing into the market more than Kes. 183 billion and providing critical financing for the country’s fiscal gaps. 3.
The SVR was increasingly replaced for new lending by the tracker mortgage, especially in the boom.