NAIROBI May 12 Kenya borrowed $1 billion via a
syndicated loan from commercial banks, $200 million more than
anticipated, Thomson Reuters publication IFR reported on Friday.
The East African nation said in March it was raising a total
of $1.55 billion in syndicated loans, with $800 million coming
from commercial banks and the rest from development finance
The $1 billion loan was split into a two-year tranche and a
three-year tranche, IFR cited bankers as saying. The loan was
arranged by Citigroup, Rand Merchant Bank, Standard Bank and
Standard Chartered Bank.
Kenyan government officials did not respond immediately to a
request for comment from Reuters.
(Reporting by Duncan Miriri; editing by John Stonestreet)