Kenya seeks debt expert ahead of Eurobond issue

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Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NMG

The Treasury is seeking experts to help the country restructure its external commercial loans to reduce the cost and improve its debt sustainability measure.

The Treasury said in a notice on Tuesday that the expert will be tasked with drawing up the best options for Kenya to restructure its liabilities sustainably, which might include taking up new cheaper loans to retire older, more expensive debt.

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