International Lead Manager - International Sovereign Bond Issue

Job Title: International Lead Manager

The National Treasury
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 be primarily 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 Manager 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) Appointing Manager’s Counsel and both conducting due diligence on the Offering and commenting on the draft of the Offering Circular in a time-efficient manner;

iii) Assisting the National Treasury in determining the most appropriate timing, format, amount, tenor, coupon, all-in-cost, other relevant terms and conditions of the bond, including best pricing scheme;

iv) Preparing, together with the Manager’s Counsel, the legal documents and agreements relevant to the Offering

v) Arranging Road Shows and Conference Calls to update investors as required

vi) Liaising with potential investors and managing the Book Building process for the Offering;

vii) Completing all aspects of listing and rating procedures;

viii) Acting as coordinator for all advisors (legal, accounting, etc.) involved in the Notes issuance;

4. The National Treasury now invites internationally acclaimed, experienced and recognized financial
institutions specialized in the provision of comprehensive lead manager services in sovereign debt issues at least over the last three years to express their interest in providing these services.

Interested firms shall provide information indicating their:-

i) Professional experience in the issuance of international sovereign bond in emerging markets.

ii) International track record in secondary market support of international sovereign bond issue.

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 Manager” 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 financial institutions 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