Kenya raises Sh290 billion from sale of new Eurobond

Eurobond

Kenya’s $500 million (Sh64.5 billion) Eurobond buyback has fallen short of target by Sh10.92 billion.

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Kenya has raised $2.25 billion (Sh290.3 billion) in a new Eurobond issuance whose proceeds will go towards refinancing existing loans worth $500 million (Sh64.5 billion) and contributing to the government’s external borrowing target for the current fiscal year.

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