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NAIROBI: Banks will have to rethink their strategies on lending after the National Treasury revealed that it is considering a second Eurobond to patch the budget deficit.
The revelation by Treasury Cabinet Secretary Henry Rotich to American-based news agency Bloomberg and a confirmation by Central Bank of Kenya (CBK) that all loans will be priced at not more than four per cent above Central Bank Rate (CBR) starting this morning puts banks in a tight corner.
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