NAIROBI (Reuters) - Kenya will issue a $1 billion debut sovereign bond in the second half of this year after east Africa's biggest economy held largely peaceful elections last week, Finance Minister Robinson Githae said on Monday.
Foreign investors fretted violence would disrupt the Kenyan vote, but Githae said the peaceful vote showed the country had matured democratically.
He said the money raised would be channelled towards infrastructure to create jobs and make the economy more competitive.
"We want to use this money for infrastructure," Githae told a press conference in Nairobi.
"From an economic perspective, the outlook looks very good."
Kenya's initial plans to issue a $500 million Eurobond were delayed by post-election violence following a disputed 2007 presidential election and the global financial crisis.
Source: http://news.yahoo.com/kenya-issue-1-bln-debut-sovereign-bond-peaceful-110150325--business.html
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