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Kenya to roll over $760 mln syndicated loan this fiscal year

NAIROBI (Reuters) – Kenya is in talks with lenders to roll over a $760 mln syndicated loan this fiscal year and lengthen its maturity in order to make debt repayments more manageable, a senior Treasury official said on Tuesday.

The loan, which was initially for two years, was arranged by TDB bank, said Kamau Thugge, the principal secretary at the ministry of finance.

Reporting by George Obulutsa; Writing by Duncan Miriri

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