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UBA Kenya to tap Sh50bn parent company bond

UBA Kenya managing director Isaac Mwige. FILE PHOTO | NMG

By  BD REPORTER

UBA Kenya says it intends to tap into the $500 million (Sh50 billion) Eurobond secured by its parent firm in an oversubscribed issue.

The Nigerian United Bank for Africa Plc (UBA) raised the cash through the debut issue, which was 240 per cent oversubscribed.

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