Kenya sovereign debut opens path for Kenyan corporate Eurobonds: JPMorgan

Companies in Kenya, whose government raised $2.75 billion in debut Eurobond sales this year, may follow peers in South Africa and Nigeria with bond offerings in 2015, according to JPMorgan Chase & Co.

“Outside of Nigeria and South Africa, the country with the biggest potential for corporate issuance is probably Kenya,” Stefan Weiler, head of debt-capital markets for central and eastern Europe and sub-Saharan Africa at JPMorgan, said in a London interview yesterday. “There is still a lot of appetite from investors in the current environment to pick up yield and diversification opportunities.”

Read more: JPMorgan Sees Kenya Debut Opening Path for Corporate Eurobonds – Businessweek.