Rotich now eyes syndicated loan ahead of Eurobond

National Treasury Cabinet Secretary Henry Rotich during a press briefing on November 9, 2017. PHOTO | SALATON NJAU | NMG

The National Treasury said Thursday it was considering taking another syndicated loan ahead of a planned issuance of another Eurobond to refinance another loan whose October maturity was extended by six months.

Treasury secretary Henry Rotich said the maturing date for the $750 million (Sh77.25 billion) syndicated loan taken in 2015 was extended to April next year to give room for a refinancing plan.   

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