Holland firm to offer corporate debt guarantees

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Holland-based fund manager Cardano Development has announced plans to establish a corporate debt guarantee company in Kenya. FILE PHOTO | SHUTTERSTOCK

Holland-based fund manager Cardano Development has announced plans to establish a corporate debt guarantee company in Kenya to help firms raise funds from the capital markets.

The credit guarantee company set to be operational by year-end seeks to offer up to a 100 percent guarantee covering debt interest and principal for local currency capital market senior debt in the green (environmentally friendly) space.

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