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Kenya switches to quarterly debt issuance calendar from monthly

Kenya plans to offer five Treasury bonds for sale in the first quarter of its 2016/17 (July-June) fiscal year, with tenors ranging from two years to 15 years, the National Treasury said on Monday.

The finance ministry said it had shifted to publishing a quarterly rather than monthly issuance calendar as part of reforms meant to increase liquidity, deepen the bond market and reduce interest rate spreads.

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