Kenya Plans $500 Million Debut Panda Bond to Fund Next Budget.

Autor: Herbling, David, Zhao, Jing
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Zdroj: Bloomberg.com; 3/28/2024, pN.PAG-N.PAG, 1p
Abstrakt: Kenya is planning to raise $500 million through a debut bond sale in China in order to diversify its sources of funding. The bond, known as a panda bond, will be used to finance the country's budget deficit. The details of the bond sale are still being discussed and may change. Kenya is also considering engaging the Asian Infrastructure Investment Bank to provide guarantees for the bond issuance. The country has been inspired by Egypt's successful sale of a sustainable panda bond and aims to expand its funding sources. Kenya is also planning to issue a $500 million Samurai bond in Japan and explore debt-for-nature, debt-for-medicine, and food-security swaps. [Extracted from the article]
Databáze: Complementary Index
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