Kenya: $2bn cross-list bond planned

KENYA plans to cross-list its $2 billion (R22bn) eurobond on the Nairobi bourse in a move that will allow more Kenyans to have access to the bond, Deputy President William Ruto told an investment conference yesterday. “I’m happy the stock exchange in Kenya is prepared to work with us as government to have dual-listing so that Kenyans can have access to the bond,” Ruto told a meeting of African securities exchanges. The bond was listed on the Irish Stock Exchange in June, and drew bids of $8.8bn. – Reuters