Treasury has confirmed receipt of the $2 billion Eurobond funds which were floated at
the London Stock Exchange.
Central Bank Governor Patrick Njoroge said the funds were received at the collecting account at Citibank on February 28.
He said the funds that on March 12 transferred to CBK's Consolidated Fund account and converted to Sh201 billion.
"[The] funds now available [for the] GoK/Treasury to use," he said during the MPC press briefing last week.
The $2 billion Eurobond is Kenya's second one, taken to refinance the
Sh250 billion Eurobond taken in 2014.
The first loan was supposed to mature in
October 2017 but this was extended by six months to April this year.
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