Thursday January 24, 2019-Kenya has embarked on a hunt for
another Eurobond valued at Kshs250 billion.
Cabinet Secretary, Henry Rotich, has sent out proposal
seeking advice from international banks over the loan expected before the end
of the current financial year.
set the rates or the tenors for the Eurobond.”
raise is Ksh150 billion,” said the local banks linked to international
the State is likely to prefer this kind of loan since it is cheaper compared to
the syndicated type it borrowed last time.
reportedly, expected to partly repay the Kshs150 billion Eurobond while the
rest finances the national budget.
as the first Eurobond still remains a mystery as Kenyans cannot pin point the
exact projects that the money funded.
are excited nonetheless after the appointment of the no nonsense Interior CS,
Fred Matiang’i, as Chief Minister in charge of all Government projects and hope
that he will oversee the prudent use of the Eurobond loan.