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Global lenders sell Sh1.5 billion Kenya debt securities

Citigroup and ICBC Standard Bank Plc have in the past three months sold debt instruments worth Sh1.5 billion to international investors based on Kenyan government bonds. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

Citigroup and ICBC Standard Bank Plc have in the past three months sold debt instruments worth Sh1.5 billion to international investors based on Kenyan government bonds.

The global banks purchased debt of the same value issued by Kenya and repackaged them for investors in transactions aimed at protecting the companies from the risk of default.

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