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)