Treasury shops for lead manager for new Eurobond

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National Treasury and Economic planning CS Prof Njuguna Ndung’u on February 13, 2023. PHOTO | LUCY WANJIRU | NMG

The National Treasury is shopping for a lead manager to help it underwrite its next sovereign bond amidst limited and tight liquidity that compelled Kenya to cancel a Sh115 billon Eurobond in 2022.

Kenya has been forced to reconsider and return to the international capital market to raise money to help it retire a $2 billion (Sh271 billion) Eurobond maturing next year.   

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