REG - Kenya (Republic of) - Tender Offer

CitigroupAnnouncement

15/10/2025 09:00

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RNS Number : 4636D  Kenya (The Republic of)  15 October 2025

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY
JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL (SEE "OFFER AND
DISTRIBUTION RESTRICTIONS" IN THE TENDER OFFER MEMORANDUM DATED 2 OCTOBER 2025
PREPARED BY THE REPUBLIC OF KENYA)

15 October 2025

THE REPUBLIC OF KENYA

UPDATE ON THE SETTLEMENT OF THE TENDER OFFER FOR ITS U.S.$1,000,000,000 7.250
per cent. Notes due 2028

Notice is hereby given to holders that participated in the Republic of Kenya's
(the "Republic") invitation to eligible holders of its outstanding
U.S.$1,000,000,000 7.250 per cent. Notes due 2028 (Reg S ISIN: XS1781710543;
Reg S Common Code:178171054; 144A ISIN: US491798AG90; CUSIP: 491798 AG9) (the
"Notes") to tender Notes for purchase by the Republic (the "Offer").

The Offer was announced on 2 October 2025 and was made on the terms and
subject to the conditions set out in the Tender Offer Memorandum dated 2
October 2025 (the "Tender Offer Memorandum") prepared by the Republic.
Capitalised terms used but not otherwise defined in this announcement shall
have the meanings given to them in the Tender Offer Memorandum.

On 10 October 2025, the Republic announced that it had accepted for purchase
all Notes validly tendered pursuant to the Offer. The Settlement Date for the
Offer was 14 October 2025.

Prior to the Settlement Date, the Republic instructed payment of the Purchase
Price and the Accrued Interest Payment in accordance with the terms of the
Tender Offer Memorandum. Due to unforeseen technical delays among
correspondent intermediaries arising from public holidays in the United States
and the Republic of Kenya, the Republic regretfully understands that holders
who participated in the Offer have not yet received their payments. The funds
to fully settle the Offer will be distributed on 15 October 2025.

 

Citigroup Global Markets Limited and The Standard Bank of South Africa Limited
are acting as Dealer Managers and Citibank N.A., London Branch is acting as
Tender Agent.

Dealer Managers

 Citigroup Global Markets Limited             The Standard Bank of South Africa Limited

                                            30 Baker Street
 Citigroup Centre

                                            Rosebank
 Canada Square

                                            Johannesburg 2196
 Canary Wharf

                                            South Africa
 London E14 5LB

 United Kingdom

                                            Attention: Liability Management Group

                                            Telephone: +44 (0) 203 167 5210
 Attention: Liability Management Group

                                            Email: liabilitymanagement@standardsbg.com
 In Europe: +44 20 7986 8969

 In the United States:

 Toll Free: +1 800 558 3745

 Collect: +1 212 723 6106

 Email: liabilitymanagement.europe@citi.com

Tender Agent

Citibank, N.A., London Branch

Citigroup Centre

Canada Square

Canary Wharf

London E14 5LB

United Kingdom

 

Attention: Exchange Team

Telephone: +44 (0)20 7508 3867

Email: citiexchanges@citi.com

 

 

DISCLAIMER This announcement must be read in conjunction with the Tender Offer
Memorandum. This announcement and the Tender Offer Memorandum contain
important information which should be read carefully. If you are in any doubt
as to the contents of this announcement or the Tender Offer Memorandum, you
are recommended to seek your own financial and legal advice, including as to
any tax consequences, immediately from your stockbroker, bank manager,
solicitor, accountant or other independent financial or legal adviser. This
announcement is for informational purposes only.

 

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