Kenya has kicked off attempt to raise between $1.5 and $2 billion debut Eurobond with an ambitious campaign in the United States that started late last week. The amount is expected to fund infrastructure and pay off a $600 million syndicated loan from 2012 whose deadline is August. The Standard on Sunday’s MARK KAPCHANGA had an interview with Mohamed Wehliye, a Senior Vice President, Financial Risk Management, Riyad Bank on the sovereign bond sale.
Does Kenya need to float a sovereign bond?