CS Rotich confirms Treasury seeking Eurobond proposals

Kenya's Cabinet Secretary of National Treasury Henry Rotich. [Photo: Reuters]
NAIROBI- 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.

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Cabinet Secretary of National TreasuryHenry RotichKenyaEurobond sale