Kenya turns to bonds to finance infrastructure and other projects
 

Kenya is offering infrastructure bonds for the first time in order to cover its spending needs in the expanding transportation networks and electricity infrastructure.

According to the Central Bank of Kenya, the 12-year bonds are worth US$ 168million at a fixed rate of 11%. The sale of the bonds close on October 21st and the money will be used in financing infrastructure such as roads, energy, water and irrigation projects in the country.

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