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Kenya to Refinance $2 Billion Eurobond Due 2024 by End-June
NAIROBI (Capital Markets in Africa) — Kenya plans to take advantage of lower sovereign yields in the international bond markets to refinance a 10-year $2 billion Eurobond by the end of June. The measure is “part of proactive debt management to improve debt sustainability liquidity indicators,” such as the debt service-to-revenue and external debt service-to-export ratio, over the medium term, the National Treasury said in an emailed response to questions. The refinancing of the securities…
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