Kenya's Cabinet Secretary of National Treasury Rotich addresses delegates during the launch of the first mobile-phone-based government bond, called M-Akiba, at the Treasury building in Nairobi

Kenya's finance ministry confirms it sought Eurobond proposals

NAIROBI (Reuters) - Kenya's finance ministry has sought proposals from banks and firms to provide lead manager services for the issuance of a new Eurobond, it said on Wednesday, confirming an earlier source-based report by Reuters.

Proceeds from the Eurobond sale, whose amount will be determined at a later date, will be used to fund the 2018/19 (July-June) budget deficit, the ministry said in a response to questions by Reuters, without offering more details.

(Reporting by Duncan Miriri; Editing by Catherine Evans)

First Published: 2019-01-23 09:40:09
Updated 2019-01-23 16:33:10


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