Nairobi, March 11 -- The Capital Markets Authority (CMA) has opened a window for Kenyan companies to issue bonds to investors across East Africa in a move aimed at diversifying the investor base and strengthening the region's financial integration agenda.

The market regulator, through a special issue of the Kenya gazette supplement No 204, says a local company may raise funds by issuing a bond in any country in the region without restriction on where the proceeds of the issue will be used.

"An offer of fixed income securities approved for issue in more than one jurisdiction in East African Community shall be considered as a regional offer of fixed income securities and shall comply with the relevant regulations, rules or guidelines atta...