Kenya intensifies domestic borrowing after canceling Eurobond issuance

Kenya's National Treasury has ramped up domestic borrowing after canceling the issuance of 115 billion shillings (about 965 million U.S. dollars) Eurobond on June 10 due to expensive interest rates in the wake of the Russia-Ukraine conflict. The Treasury announced the issuance of 339 million dollars in Treasury bonds for…

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