Kenya retains Citi Bank and JP Morgan for Sh250 billion Eurobond

Ministry of National Treasury and Planning Cabinet Secretary Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG

Kenya will retain Citi Bank and JP Morgan to arrange its fifth Eurobond to be issued this year, looking to raise up to Sh250 billion.

The Treasury told the Business Daily Wednesday that the two investment banks, which also helped Kenya raise $1 billion (Sh113 billion) in June last year, will set the timing for the issue ‘depending on the market conditions.’

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