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President William Ruto's cash-strapped administration's plan to raise billions of shillings of new debt from international investors has paid off but at a steep price after Kenya's Eurobond plan got plenty of demand from global investors.
The move potentially averts a potential full-blown crisis in June this year - just five months away - when the 10-year Eurobond worth Sh320 billion ($2 billion) is due for repayment.
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