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Government to issue Sh31b new infrastructure bond

NAIROBI, Tuesday

The yield on Kenya’s upcoming nine-year infrastructure bond is in line with the market, but there are slight concerns about the ability of the Central Bank to raise the planned sum in one go, traders said. The Government plans to issue the Sh31 billion ($386 million) infrastructure bond with a coupon of six per cent redeemable over six, seven and nine years.

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