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State steps up plan for another Eurobond to pay Sh269b loan

National Treasury PS Chris Kiptoo when he appeared before committee on County Public Investments and Special Funds on March 30, 2023. [Elvis Ogina, Standard]

The National Treasury on Wednesday said it is considering different options to settle the $2 billion (Sh269 billion) Eurobond that is due for repayment in June next year.

These include using the proceeds of another Eurobond to repay the investors who lent money to the government in the first Eurobond that was floated in 2014 or taking multilateral loans, which are cheaper.

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