Kenya targets inaugural blue bond issuance before end of 2026

[00:00:00]Capital markets take holders, the coastal counties and Kenya Ports Authority in a race against time to structure and take to market the country's inaugural blue bond before the close of 2026.

[00:00:13]A blue bond refers to a specialized debt instrument raised by either a corporate or government with the proceeds dedicated to the financing of marine, ocean-based and coastal resilience-based projects. According to officials of the Nairobi Securities Exchange, the planned issuance will be the first of a multi-tranche series whose aggregate ticket size for capital raise stands at $300 million equivalent to 38.83 billion shillings under the Kenya Go Blue Green Bond program. The bonds are to be denominated in Kenya shillings.

[00:00:50]>> And we were delighted both within the panel and also within the deal room to present the Kenya Go Blue Green Bond.

[00:00:57]And this is actually going to be a landmark transaction that is part of the Vision 2030 flagship projects that supports the blue economy. I think it's about time for Kenya we move away from just talking about the great opportunities that are there to actually harnessing them. So, we are looking forward to closing this and it is an immense opportunity both for the Kenyan but also for the international audience and also the world at large to be able to invest in this.