Global property portal explores the meaning and benefits of the Eurobond
Until last week, Kenya had waited seven years for the issuance of the Eurobond in its account with the Central Bank of Kenya. As an alternative to financing government projects, the Eurobond is set to have a positive impact on every industry within the Kenyan economy.
The name Eurobond can be a misnomer to many and is sometimes misleading. From the word, you would think either Eurobonds were about the European bond markets or the European currency, the Euro. However, Eurobond has nothing to do with Europe or its currency. The term “Euro” in this context is simply used to refer to the international aspect of the bonds. A Eurobond is, therefore, a bond that is issued in a currency other than the currency of the country where it is issued.
Leading property portal Lamudi Kenya explores the potential benefits of the Eurobond issuance to the real estate industry.
Kenya has a huge infrastructure deficit from roads, railways, ports, water and energy. Eurobond proceeds will go a long way in accelerating growth in these projects. …read more
Read more here:: Eurobond: How Will It Affect Kenya’s Property Market?