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Emerging Markets

StanChart offers zero fees and costs but JPM, Barclays and Standard Bank win Kenya mandate

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Barclays, JP Morgan and Standard Bank have been awarded the mandate for Kenya’s debut Eurobond, despite Standard Chartered Bank offering zero fees and the absorption of other deal costs such as roadshow and legal fees, according to two bankers in London. JP Morgan offered to arrange the deal for $273,000 to $298,000.

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