Kenya mandate showdown as PTA loan thorns lenders

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By Dan Alderson
09 Feb 2017

International banks want quick answers from the Kenyan government on the status of its loan from Eastern and Southern African Trade and Development Bank (PTA Bank), which has threatened their bigger syndication for the sovereign just as the mandate is being finalised.

Things looked to be well on track for Kenya when, on January 17, it picked a consortium of Citi, Rand Merchant Bank, Standard Chartered and Stanbic to lead international loans of as much as $800m. Other international banks subsequently lined up for the chance to take part in ...

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