National carrier Kenya Airways’ #ticker:KQ climb out of the debt hole is expected to get a big boost this week when Equity Bank signs the deal to convert its Sh5 billion loan into shares.
Documents seen by the Business Daily show that Equity #ticker:EQTY and Ecobank – which have been opposed to the shares deal – are finalising an agreement which, if signed, will see their exposure in the airline spread more equitably alongside the eight other lenders.
