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Kenya raises $2bn in fresh Eurobond issue

National Treasury Cabinet Secretary Henry Rotich (right) and Principal Secretary Kamau Thugge at the London Stock Exchange. PHOTO | COURTESY | Henry Rotich

By  Charles Mwaniki

Business Reporter

Nation Media Group

Kenya has raised Sh202 billion ($2 billion) in a new sovereign bond issue that was closed on Wednesday, the National Treasury has said.

The bond has been issued in two equal tranches of 10 years at a coupon of 7.25 per cent and 30 years at a coupon of 8.25 per cent.

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