Kenya and Ivory Coast issue bonds

Oct 17, 2014

Kenya will issue on October 22nd a domestic bond reaching Sh15 billion(€132 million).

Kenya will issue on October 22nd a domestic bond reaching Sh15 billion(€132 million).

According to the Central Bank of Kenya, the funds will be used to finance projects in the areas of transport, energy and water.

This announcement follows the issuance on October 15th of a Cfaf40 billion (€60 million)
bond
by the government of Ivory Coast. The loan, issued on the regional market, matures in five years.

Furthermore, the Ivorian government will launch in 2015 a new eurobond which will seek an amount close to the €554 million raised in July on international financial markets, a
spokesman
told
AFP on Friday, October 10th.

This loan, "the same as the previous one", is in line with the "debt capacity" of the country, said Bruno Koné.

The Ivorian debt - " which is totally under control" - is designed to accelerate the implementation of projects "in service of the people", such as building roads, schools and hospitals, he added.ADNFCR-2976-ID-801754915-ADNFCR