Treasury eyes to raise Sh108 billion from fourth Eurobond

Treasury CS Ukur Yatani presents the 2021/22 budget to the National Assembly, on Thursday, June 10 2021.  [David Njaaga, Standard]

Kenya is targeting to raise $1 billion (Sh108 billion) by issuing a fourth Eurobond, which will be used for budgetary expenditures.

The Standard has learned that the National Treasury has already started the book-building process by offering the 12 and 15-year notes at a coupon rate of between 6.75 and 6.875 per cent respectively.