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UPDATE 1-Kenya to pick Barclays, Standard Bank as co-arrangers
October 23, 2013 / 4:21 PM / 4 years ago

UPDATE 1-Kenya to pick Barclays, Standard Bank as co-arrangers

(Adds co-arrangers)

By Sudip Roy and Davide Scigliuzzo

LONDON, Oct 23 (IFR) - The Republic of Kenya is expected to appoint Barclays and Standard Bank as co-arrangers alongside JP Morgan for a debut Eurobond worth up to US$2bn, according to three market sources.

The sovereign, rated B1/B+/B+, picked the US bank to lead the issue, but left the choice of the co-managers to the investment bank’s discretion.

JP Morgan declined to comment, while Barclays and Standard Bank were not immediately reachable for comment. (Reporting by Sudip Roy and Davide Scigliuzzo; editing by Alex Chambers)

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