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15 Oct 2025 08:00
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 Citigroup Centre Canada Square Canary Wharf London E14 5LB United Kingdom
Attention: Liability Management Group 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
| The Standard Bank of South Africa Limited 30 Baker Street Rosebank Johannesburg 2196 South Africa
Attention: Liability Management Group Telephone: +44 (0) 203 167 5210 Email: liabilitymanagement@standardsbg.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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