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Kenya plans new international bond in 2015/16

25 June 2014, 14:52

Nairobi - Kenya plans to issue another international bond in fiscal 2015/16 and may consider a sukuk, Treasury Cabinet secretary Henry Rotich said on Wednesday, after a successful debut $2 billion Eurobond closed this week.

A sukuk is an Islamic bond. Kenya's financial year runs from July 1 to June 30.

Rotich was speaking at a news conference where the president earlier said the Eurobond funds would help reduce domestic borrowing requirements, which would in turn help lower local interest rates.

 - Reauters


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