International Lead Counsel - The National Treasury International Sovereign Bond in Nairobi

Job Title: International Lead Counsel

The National Treasury
International Sovereign Bond Issue
Request for Expression of Interest

Ref: GoK/ISBI/2013

Introduction
1. The Government of the Republic of Kenya through The National Treasury is considering accessing the international capital markets by the second half of calendar year 2013 to issue a sovereign bond.

The targeted amount is provisionally set at USD 1,000 million and will primarily be used to finance infrastructure development in Kenya.

2. Through the proposed transaction, the Government of the Republic of Kenya intends to diversify its investor base, establish a pricing benchmark for future issuance by both the public and private sector, as well as to promote the Republic’s reputation and visibility amongst the international investor community.

Scope of work

3. To provide comprehensive lead counsel services in international sovereign bond issue. This shall inter-alia include:

i. Working with the National Treasury to ensure timely completion of the transaction;

ii. Conducting due diligence, drafting and reviewing documentation for the issuance, including the
prospectus and related documentation;

iii. Advising the issuer on US and European securities law relating to disclosure, liability and placement issues as they may arise;

iv. Advising the issuer and assisting with negotiating contractual arrangements with lead managers/book runners;

v. Preparing and coordinating legal and disclosure opinions to be given in connection with the issue; and

vi. Performing such other services as may be mutually agreed between the law firm and the Government of the Republic of Kenya.

4. The National Treasury now invites eligible and experienced international law firms to indicate their interest in providing the aforementioned services.

Prospective candidates should demonstrate the following in their response:

i. Verifiable track record over the past five years in providing legal advice for sovereign bond issuances in emerging markets, including debut issuance;

ii. International track record reflecting the firm’s sovereign finance transactions in the last five years, with particular emphasis on the emerging markets.

iii. Professional capability to undertake the work.

Submission

5. Completed Expression of Interest documents in plain sealed envelope clearly marked on top “EOI for International Lead Counsel” should be sent to the address below:-

Financial Secretary
The National Treasury
6th Floor Treasury Building
Harambee Avenue
P.O. Box 30007 – 00100 GPO
Nairobi, Kenya
Request for Proposal (RFP) document will be sent to each short-listed firm thereafter
Enquiries
6. Requests for further information or clarifications from Interested eligible international law firms should be addressed to:

How to Apply:
Director,
Debt Management Department
Tel No. +254 20 316718
Fax No. +254 20 315294
Email: dmd@treasury.go.ke or jmurugu@treasury.go.ke
ISO 9001:2008 Certified.
Deadline:15/07/2013