Corporate
Tuesday, June 6, 2017 11:04
By MUGAMBI MUTEGI
National Treasury secretary Henry Rotich. The government has moved to convert its existing loans in Kenya Airways #ticker:KQ into equity. FILE PHOTO | NMG
The government has moved to convert its existing loans in Kenya Airways #ticker:KQ into equity as part of a multifaceted capital restructuring plan aimed at offering the national carrier financial reprieve.
Treasury has also announced that it will guarantee long-term loans totalling $750 million (Sh77.3 billion) that KQ owes Afrexim Ban…
Read the full article at: http://www.businessdailyafrica.com/corporate/Govt-to-convert-its–KQ-loans-to-equity-in-restructuring-plan/539550-3957670-4b01ed/