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Treasury eyes Japan, Middle East for next sovereign bond

Treasury Cabinet Secretary Henry Rotich briefs the press on the successful subscription of the eurobond at State House last month. Central Bank Governor Njuguna Ndung’u (right) and Solicitor General Njee Muturi look on. [PHOTO: FILE/STANDARD]

The National Treasury is now targeting Japan and countries in the oil-rich Middle East as the next market for its new sovereign bond.

Kamau Thugge, the Principal Secretary at National Treasury told MPs that following the successful launch of the Euro bond in the West, the Government is exploring new opportunities and is confident it would raise more capital for the many pending infrastructure projects.

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