Bloomberg News

Kenya Appoints Banks to Arrange $600 Million Syndicated Loan

March 12, 2012

Kenya appointed Citigroup Inc., Standard Bank Group Ltd. and Standard Chartered Plc (STAN) to arrange a $600 million loan, according to a statement from the lenders.

The two-year facility will be used to finance infrastructure projects by the Kenyan parliament, according to the statement.

To contact the reporter on this story: Louise Meeson in London on lmeeson@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at Fkhan33@bloomberg.net.


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