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Kenya raises $347m via debut infrastructure sukuk for Talanta Stadium

Nairobi, Kenya © Unsplash

Herald Aloo

Herald Aloo, a journalist based in Nairobi, covers Kenya's economy, focusing on banking, and energy.
  • Linzi FinCo 003 Trust issues Shariah-compliant bond to fund AFCON facility
  • Strong AA rating, 15.04% IRR draws in affluent investors at NSE

NAIROBI, KENYA – Kenya has raised Ksh44.875 billion ($347.3 million) from its first-ever infrastructure asset-backed sukuk, targeting high-net-worth investors at the Nairobi Securities Exchange (NSE).

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