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Government raises Sh200 billion Eurobond

Cabinet Secretary Treasury Henry Rotich

NAIROBI, KENYA: The government has raised Sh200 billion Eurobond despite credit downgrade report from Moody and delayed access to standby credit facility from the International Monetary Fund (IMF).

On Thursday, the Treasury said the issue was seven times oversubscribed making it one of the highest order books for an issue from Africa.

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