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Economy edgy on Eurobond flop

2015-10-07 10:09:18| Footwear - Topix.net

Government's inability to secure its third Eurobond in as many years is expected to pile more pressure on the volatile local currency, which was predicted to rebound with proceeds from the US$1.5 billion facility. The decision by government to hold on with the Eurobond sales until market conditions improve has rattled the business community with Kenneth Kwamina Thompson, Chief Executive Officer of Dalex Finance, noting particularly that suspension of the Eurobond means more difficult times ahead.

Tags: economy flop edgy

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