Finance

Kenya’s third Eurobond approved for listing on Euronext Dublin

Kenya’s third Eurobond approved for listing on Euronext Dublin
Thursday, 23 May 2019 18:35

The $2.1 billion Eurobond recently issued by Kenya has been listed on the Euronext Dublin on May 22, 2019, according to a notice published by the stock exchange.

Mid-May, Kenya raised $2.1 billion during a Eurobond issuance divided into two lots maturing in 7 and 12 years respectively. The interest rates are 7% and 8% respectively for the 7-year and 12-year bonds.  

The operation is aimed at funding infrastructure projects, refinancing a $750 million Eurobond issued in 2014 and funding budget expenses.

Let’s note that the previous two Eurobonds issued by the country (in 2014 and 2018) were also listed on Euronext Dublin.

On the same topic
Renaprov raises 1.1 billion CFA francs, below 8.4 billion target Second subscription window extended to May 15 after weak demand IPO seen as...
Central purchasing body aims to curb high living costs System introduces price controls and consumer reporting tools Launch follows a...
Pilot shows mixed feedback, with 40% of users dissatisfied Tool aims to boost transparency and consumer role in regulation Côte d'Ivoire...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW plant to power over 100,000 homes Project highlights...
Most Read
01

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
02

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
05

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.