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More countries to follow Kenya's cue in issuing Eurobonds

The logo of the International Monetary Fund (IMF) at the organization's headquarters in Washington, DC.

More African countries are taking Kenya’s cue in issuing sovereign bonds in the international markets after the country’s successful Sh203 billion Eurobond.

The International Monetary Fund (IMF) said in its latest report 'several' African countries intended to issue sovereign bonds - debt security issued by a national government - valued at $4.4 billion (Sh440 billion) between April and June, this year.

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