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.