By Christine Van Dusen
Atlanta, June 17 – Kenya priced $2 billion of notes in tranches due in five and 10 years on Tuesday, a market source said.
The $500 million 5 7/8% notes due 2019 came to the market at par to yield 5 7/8%, following talk in the low-6% area.
The $1.5 billion five-year notes priced at a yield of 6 7/8%, following talk in the low-7% area.
Other pricing details were not immediately available on Tuesday.
Barclays, JPMorgan, Standard Bank and QNB Capital were the bookrunners for the Rule 144A and Regulation S deal.
| Issuer: | Kenya
|
| Amount: | $2 billion
|
| Description: | Notes
|
| Bookrunners: | Barclays, JPMorgan, Standard Bank, QNB Capital
|
| Trade date: | June 17
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Notes due 2019
|
| Amount: | $500 million
|
| Maturity: | 2019
|
| Coupon: | 5 7/8%
|
| Price: | Par
|
| Yield: | 5 7/8%
|
| Price talk: | Low-6% area
|
|
|
| Notes due 2024
|
| Amount: | $1.5 billion
|
| Maturity: | 2024
|
| Yield: | 6 7/8%
|
| Price talk: | Low-7% area
|
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