Uganda raises Sh62bn bond for rail line to Malaba, pressuring Kenya to extend SGR
East African Bloc
Uganda raises Sh62bn bond for rail line to Malaba, pressuring Kenya to extend SGR
The 10-year Ugandan bond offers investors a return of 13 per cent. Uganda also has the option of raising an additional Sh3.2 billion (€25 million) through a green shoe option if demand from regional investors exceeds expectations.
By Maureen Kinyanjui