Business News
Kenya issues Sh14.5bn, 8-year infrastructure bond
The Treasury Building in Nairobi. Photo/FREDRICK ONYANGO
By REUTERS
Posted Tuesday, February 9 2010 at 16:40
Posted Tuesday, February 9 2010 at 16:40
Kenya invited bids on Tuesday for a Sh14.5 billion eight-year infrastructure bond with a 9.75 per cent interest rate for its roads, energy and water sectors.
The Treasury plans to raise a total of Sh32.9 billion in infrastructure bonds this fiscal year.
In December, it raised Sh18.42 billion.
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