Kenya to Seek at Least $1.5 Billion in Debut Eurobond Sale
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Sept. 4 (Bloomberg) -- Kenya plans to raise at least $1.5billion in a debut sovereign debt offering, Economic SecretaryGeoffrey Mwau said, confirming the Treasury’s announcement lastweek that it will seek more than initially targeted.
The East African nation has been in the process ofappointing lead advisers for the sale since June and oncethey’re chosen, the exact amount and timing will be decided,Mwau said in an interview today in the capital, Nairobi. EastAfrica’s largest economy may issue as much as $2 billion in theEurobond market, Treasury Secretary Henry Rotich told reporterstoday.