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Kenya attracts $14bn bids for its second Eurobond

A road under construction in Nairobi. Kenya will use part of the proceeds from a $2 billion Eurobond for infrastructure projects. PHOTO | NMG

By  Allan Olingo

Nation Media Group

Kenya has issued a fresh $2 billion Eurobond at the London Stock Exchange following a successful roadshow last week in America and Europe.

According to the National Treasury, the issue drew widespread demand and was oversubscribed seven times.

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