Gordon Gekko wrote:My memory fails me, but I seem to remember EAPC once took a yen denominated loan which nearly brought it to its knees
When did they borrow the yen loan?
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FY06 Fx gain; Kes. 308.2M
FY07 Fx gain; Kes. 307.3M
FY08 Fx loss; Kes. 414.4M
FY09 Fx loss; Kes. 921.2M
FY10 Fx loss; Kes. 533.7M
FY11 Fx loss; Kes. 655.9M
FY12 Fx loss; Kes. 61.5M
FY13 Fx gain; Kes. 594.1M

A very cheap loan though at 2.5% interest rate compared to kenya loans at 18% and a high of 24% last year