Kenya sends request for proposals for sovereign bond and loan
LONDON Kenya has sent a request for proposals for a bond and loan, according to sources.
The sovereign wants to consider both options, according to one source, who said that the eventual mandate may be a combination of the two products or one only.
Kenya undertook a non-deal roadshow in April through Barclays, Citigroup and Standard Chartered.
The sovereign made its debut in the international bond market in 2014, when it raised US$1.5bn through a 10-year bond, which was subsequently tapped for US$500m, and US$500m through a five-year note which was later raised by US$250m.