Treasury’s Sh1.4bn Anglo Leasing settlement clears the way for Eurobond

The Treasury has reached a negotiated settlement of the long-running legal dispute with one of the 13 Anglo Leasing companies, clearing the main hurdle that has delayed plans to raise money from international markets.

Treasury secretary Henry Rotich told the Business Daily that the government has negotiated a Sh1.4 billion ($16.4 million) settlement with Mercantile Finance Corporation of Switzerland, paving the way for issuance of the Sh174 billion ($2 billion) Euro Bond “in a matter of months”.