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Eurobond: Kenya borrowing into a Greece-type crisis

Following the issue of the $2 billion (Sh202 billion) Eurobond, Kenya’s debt levels have hit a new depth. Since 2013, we have seen an increase in the appetite for debt.

What is a Eurobond? Wanjiku might ask. According to http://www.investinganswers.com, a Eurobond is a bond floated in a foreign market and denominated in a currency not native to the issuer's home country. Eurobonds are denominated in currencies other than the home currency of the issuer usually in US Dollars. Eurobonds are bearer bonds.

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