The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | On Feb 22, Kenya’s Treasury said it raised US$ 2 billion in a new sovereign bond issue listed at the London Stock Exchange (LSE).
The Treasury said the Bond attracted a significant level of interest leading to over subscription.
“This issue was seven times oversubscribed. And makes it one of the highest order book for an issue from Africa,” it said in a statement.
“The successful issuance confirms the continued vibrancy of our economy, and the fact that investors consider Kenya a go-to destination for their investments.”
The bond was arranged by a consortium of banks including the Citibank, JPMorgan, Standard Bank and Standard Chartered Bank.
This was the second time that the East African nation was issuing a Eurobond in four years. In 2014, Kenya raised US$2.8billion from international investors.
