Kenya leaves 'juice on the table' with new twin trancher

Kenya sunset px230 for gc
By Francesca Young
15 May 2019

The Republic of Kenya has released initial price guidance for its latest bond issue, which two emerging markets bond investors deemed generous.

The east Africa sovereign is issuing two tranches of amortising dollar bonds with a weighted average life (WAL) of seven years and 12 years respectively. The plan was originally for 12 year and 31 year notes but following a roadshow, the longer tranche was replaced with a seven ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial