NAIROBI- Kenya has received orders of more than $3 billion for its $1 billion Eurobond offering, which comes with initial pricing talk of 6.75%-6.875%, Refinitiv's capital markets news service IFR said on Thursday.
The dollar-denominated bond, whose proceeds will go towards helping the East African nation's Treasury manage liquidity, has Citi and JP Morgan as joint book-runners, and Kenyan lenders I&M Bank and NCBA Group as co-managers.
The bond has a final maturity in 2034, according to the offer documents.
(Reporting by Duncan Miriri; Editing by Alison Williams) ((duncan.miriri@thomsonreuters.com; Tel: +254 20 4991239; Reuters Messaging: duncan.miriri.thomsonreuters.com@reuters.net))
