Kenya Seeks Proposals for $2 Billion Eurobond Sale

  • East African nation may sell second Eurobond in early 2018
  • Kenyan Treasury’s request for proposals closes on Nov. 29
Barclays Plaza, center, the main offices for Barclays Bank, stand behind Central Park in Nairobi, Kenya.Photographer: CASPER HEDBERG
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Kenya’s government is seeking proposals from banks about a possible $2 billion Eurobond offering in the first quarter of 2018, according to two people familiar with the matter.

The East African nation’s Treasury asked banks for pitches on how to structure the sale, said the people, who asked not to be identified because they aren’t authorized to speak publicly about the matter. The deadline for proposals is Nov. 29, they said.