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President William Ruto's cash-strapped administration is seeking to raise billions of shillings of new debt from international investors in a bid to help Kenya repay its Sh320 billion Eurobond debt with the June repayment deadline just five months away.
The Kenya Kwanza administration on Wednesday, offered investors holding its $2 billion (Sh320 billion at current exchange rate) bond an opportunity to exchange their current holdings for a fresh bond similarly denominated in US dollars.
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