Kenya has mandated JP Morgan and Standard Chartered Bank to lead her new 12, 31-year dual tranche Eurobond, due in a couple of months.
This issue will be the third bond offering since Kenya made its international debut in 2014.
A similar 10-30 year dual tranche was made in 2018, but talks did not begin until early 2019.
Some of the funds to be raised will be utilized in re-financing 2014’s maturing 5-year bonds, according to the country’s Finance Minister, Henry Rotich.