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Kenya ups local borrowing with sale of 10-year bond

Treasury Cabinet Secretary Henry Rotich addresses the Press during the launch of the Eurobond at State House. With him are Central Bank Governor Njuguna Ndung’u (right) and Solicitor General Njee Muturi. [Photo: FILE]

Nairobi; Kenya: After its debut Eurobond in June, the Government is boosting domestic borrowing this month by reopening sale of 10-year bonds eight months after the debt was first issued.

The Central Bank of Kenya is offering Sh15 billion ($169 million) in notes, including a green-shoe option, which may see an extra Sh5 billion sold, it said in a e-mailed statement yesterday.

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