The search for Kenya’s Euro Bond, launched in 2014 seems to be a question that preoccupies many people, along with where the money raised was banked and what it was used for. It also coms as Kenya has jut launched another Kshs 30 billion bond to raise funds for infrastructure which was what the Euro bond was marked for.
There are in fact two Euro bonds:
Bond 1 is Kenya 2024
Issuer name Republic of Kenya
Issuer profile Central bank of Kenya has multiple interests in the development of bond markets. At a fundamental level the government Treasury bond helps to fund budget deficits.
Amount $2 billion
Initial issue amount $1.5 billion
Start of placement 06/16/2014
Last reopening date 11/25/2014
Coupon frequency 2 time(s) per year
Issue managers Bookrunner: Barclays, JP Morgan, QNB Finance Ltd, Standard Bank
Stock exchange and OTC quotes: December 1 on Frankfurt S.E., Berlin Exchange, Stuttgart Exchange
Bond 2 is Kenya 2019
Issuer Republic of Kenya
Issuer profile Central bank of Kenya has multiple interests in the development of bond markets.
Amount $ 750 million
Initial issue amount $500 million
Start of placement 06/16/2014
Coupon frequency 2 time(s) per year
Issue managers Bookrunner: Barclays, JP Morgan, QNB Finance Ltd, Standard Bank
Stock exchange and OTC quotes: December 1 on Frankfurt S.E., Berlin Exchange, Stuttgart Exchange
Charts from cbonds.com