cross-currency swap

EBRD and Co-operative Bank execute US$50m KESONIA cross-currency swap

The European Bank for Reconstruction and Development and Co-operative Bank of Kenya have executed a US$50m cross-currency swap in the first transaction to use Kenya’s new KESONIA reference rate, creating additional infrastructure for local-currency corporate financing. The agreement, equivalent to...

#Co-operative Bank of Kenya#cross-currency swap#EBRD