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State bets on Sh88b bond swap to lessen debt repayment load

A section of the Nairobi Expressway near Nairobi City centre. [Kelly Ayodi, Standard]

The State will be hoping investors holding on to four government securities will switch them for a new infrastructure bond.

The three Treasury bills and one Treasury bond, which will fall due in 35 days, could be switched for the new infrastructure bond set to mature in six years, amounting to Sh87.7 billion.

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