Tuesday, June 19, 2007

Kenya to sell $150 mln eurobond in '08 fiscal year

(Reuters) - Kenya plans to issue a $150 million Eurobond in the 2008 fiscal year and expects to sell half its stake in mobile phone operator Safaricom by the end of calendar year 2007, a senior Treasury official said on Tuesday.

Joseph Kinyua, permanent secretary to the Treasury responsible for economic and financial policy, told Reuters: "We plan to sell a $150 million Eurobond in the course of fiscal year 2008."


Read more at Reuters Africa

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