Kenya is considering raising more than $1 billion in its planned debut Eurobond sale that will take place by the end of this year, Treasury Principal Secretary Kamau Thugge said.
The government plans to use part of the proceeds to help repay a $600 million syndicated loan that falls due in May, Thugge said in an interview today in the capital, Nairobi. The funds will also be used for infrastructure projects in the country, he said.
“We are considering raising more than $1 billion because we intend to use part of the money to offset the syndicated loan,” he said
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