Banks poised for $1bn Kenyan loan mandate

Kenya sunset px230 for gc
By Dan Alderson
11 Jan 2017

Loan bankers have been waiting on tenterhooks for Kenya to reveal a mandate for deals totalling as much as $1bn, with the country’s government having originally been set to make the announcement this week.

Kenya said in its budget last year that it would look to raise $1.5bn from international financial markets before June this year. Bankers believe this could include bonds as well as loans, but have said they expected to learn the details in the next few days.

“Everyone is ...

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