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Kenya seeks lead manager as it plans $1bn sovereign bond

25 June 2013, 13:30

Nairobi - Kenya’s government has requested the services of a lead counsel and lead manager, setting in motion plans to issue a $1 billion sovereign bond in the international markets this year.

The National Treasury on Tuesday placed media advertisements, Business Daily reports seeking the professional services ahead of the issuance of the bond whose proceeds it said will primarily be used to finance infrastructure projects.

The lead counsel will advise on United States and European securities law relating to disclosures, liability, negotiation of contractual arrangements with lead managers and book runners and the preparation of legal and disclosure opinions among other requirements.

- For more visit Business Daily

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