(Ecofin Agency) - Today 9, May 2019, Kenyan officials have started a roadshow in the USA and the UK in the framework of a $2.5 billion Eurobond, one of the banks in charge of the management of that operation announces in a communique.  

The East African country that issued its first Eurobond in 2014 before another one in 2018 commissioned J.P. Morgan and Standard Chartered Bank to arrange the issuance.

Early April 2019, Kenya indicated that it has launched discussions with international banks to arrange the $2.5 billion Eurobond.

Late April 2019, finance minister Henry Rotich (photo) explained that part of the proceeds of that operation would be used to refinance the 5-year Eurobond issued in 2014.  

The new Eurobond will be listed on Irish and London stock exchanges.

Since Uhuru Kenyatta assumed office in 2013, Kenya’s external borrowing rose significantly stirring the ire of the opposition party that regularly accuses the government of jeopardizing the future of young generations.