Barclays Kenya raises nearly $15m.

Position:FOCUS ON EAST AFRICA - Brief article
 
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Kenya's largest commercial bank, Barclays (K), has successfully raised Kshibn ($14.9m) from local capital markets with a seven-year bond issue.

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The local currency, the Kenya shilling, is riding on an eight-year high while the bond issue, appreciably oversubscribed within 10 days according to sources at the bank, is the first tranche of Ksh5bn ($75m) programme designed to raise funds for long-term loans to Kenya's corporate and public sector entities.

The...

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