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International bonds: Kenya, 6.875% 24jun2024, USD (XS1028952403)

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Senior Unsecured

Status
Outstanding
Amount
556,970,000 USD
Placement
***
Redemption (put/call option)
*** (-)
ACI on
Country of risk
Kenya
Current coupon
***%
Price
-
Yield / Duration
-
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  • Placement amount
    2,000,000,000 USD
  • Outstanding amount
    556,970,000 USD
  • USD equivalent
    556,970,000 USD
  • Minimum Settlement Amount
    200,000 USD
  • ISIN RegS
    XS1028952403
  • Common Code RegS
    102895240
  • CFI RegS
    DBFTFR
  • FIGI RegS
    BBG006NC5MB8
  • SEDOL
    BNG7Y70
  • Ticker
    KENINT 6.875 06/24/24 REGS

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Quotes from market participants are indicative

Stock exchange and OTC quotes

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Issue information

Profile
Central bank of Kenya has multiple interests in the development of bond markets. At a fundamental level the government Treasury bond helps to fund budget deficits. It is important to note that Central Bank of Kenya ...
Central bank of Kenya has multiple interests in the development of bond markets. At a fundamental level the government Treasury bond helps to fund budget deficits. It is important to note that Central Bank of Kenya has increased its issuance of long-term Treasury bonds currently with 12-year tenor thus increasing the maturity period of government debt. Also Central Bank acts as agents for the government in various aspects of the management of government debt. They oversee clearance and settlement system and they are responsible for the stability of the financial system often directly supervising banks. This multiplicity of interest means that the policy issues that arise are very diverse.
  • Borrower
    Go to the issuer page
    Kenya
  • Full borrower / issuer name
    Kenya
  • Sector
    Sovereign
Volume
  • Placement amount
    2,000,000,000 USD
  • Outstanding amount
    556,970,000 USD
  • Outstanding face value amount
    556,970,000 USD
Face value
  • Minimum Settlement Amount
    200,000 USD
  • Outstanding face value
    *** USD
  • Increment
    *** USD
  • Face value
    1,000 USD
Listing
  • Listing
    ***

Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Maturity date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

***

Auctions and additional placements

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bonds globally

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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    *** - ***
  • Initial issue amount
    *** USD
  • Initial issue price (yield)
    (***%)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • The purpose of placing
    Kenya expects the net cash proceeds of the issue of the Notes, before expenses, to amount to US$1,999,800,000 which Kenya expects to use for general budgetary purposes, including for the funding of infrastructure projects and repayment of a US$600 million loan incurred in 2011/12 that matures in August 2014.
Participants
  • Bookrunner
    ***, ***, ***, ***
  • Depository
    ***, ***
  • Arranger Legal Adviser (Domestic law)
    ***
  • Arranger Legal Adviser (International law)
    ***
  • Issuer Legal Adviser (Domestic law)
    ***
  • Issuer Legal Adviser (International law)
    ***

Conversion and exchange

  • Conversion terms
    ***

Covenants

  • Change of Control

    ***

  • Collective Action Clause

    ***

  • Covenant Suspension/Fall-Away

    ***

  • Cross Default

    ***

  • Designation of Restricted and Unrestricted Subsidiaries

    ***

  • Events of Default

    ***

  • Financial Covenants

    ***

  • Limitation on Business Activities

    ***

  • Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries

    ***

  • Limitation on Indebtedness

    ***

  • Limitation on Investments

    ***

  • Limitation on Liens

    ***

  • Limitation on Restricted Payments

    ***

  • Limitation on Sale of Assets

    ***

  • Limitation on Sale/Leaseback

    ***

  • Limitation on Subsidiary Debt

    ***

  • Limitation on layering (anti-layering)

    ***

  • Limitations on transactions with affiliates

    ***

  • Merger Restrictions

    ***

  • Others

    ***

  • Rating Trigger

    ***

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You need to request access

Additional information

Latest issues

Identifiers

  • ISIN RegS
    XS1028952403
  • ISIN 144A
    ***
  • CUSIP RegS
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    102895240
  • Common Code 144A
    098266429
  • CFI RegS
    DBFTFR
  • CFI 144A
    DBFTGR
  • FIGI RegS
    BBG006NC5MB8
  • FIGI 144A
    BBG006NBX786
  • WKN RegS
    A1ZK2S
  • WKN 144A
    A1ZK2T
  • SEDOL
    BNG7Y70
  • Ticker
    KENINT 6.875 06/24/24 REGS
  • Type of security by CBR
    ***

Ratings

Bond classification

  • Senior Unsecured
  • Registered
  • Documentary bonds
  • Coupon bonds
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Subordinated
  • Sukuk
  • Trace-eligible

Restructuring

***

Holders

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