PROVISION OF LIABILITY MANAGEMENT OPERATIONS ADVISORY SERVICES – NATIONAL TREASURY
NATIONAL TREASURY TENDER 2021
| INTERNATIONAL EXPRESSION OF INTEREST (EOI) |
PROVISION OF LIABILITY MANAGEMENT OPERATIONS ADVISORY SERVICES
TENDER NO. TNT/EOI/002/2020-2021
The Government of the Republic of Kenya has in the past conducted liability management operations on its local currency debt aimed at improving the debt maturity profile and aims to extend the same to a number of external syndicated credit facilities.
The Government through the National Treasury seeks to appoint a Liability Management Operations Advisory Firm to advice on liability management operations in a number of external syndicated credit facilities.
The proposed assignment is meant to provide liability management advisory services to the Government of Kenya, to conduct liability management operations on some external syndicated commercial loans to improve debt sustainability profile.
Debts held in form of international sovereign bonds are excluded.
Scope of the services to be provided:
This shall inter-alia include the following workstreams:
- Detailed review of the terms and conditions of the underlying loans or credit agreements for the selected external syndicated debts identified for liability management operations;
- Detailed analysis of the costs and risks in each of the selected external syndicated loan contracts;
- Recommend a menu of liability management operations to be undertaken to improve public debt sustainability profile; and
- Provide advisory support in the execution of the remedial actions to achieve the objective of the liability management operations.
The National Treasury now invites highly reputable firms with at least five years experience in the provision of sovereign debt advisory services in low income and emerging economies to submit expression of interest to provide the services. The Expression of Interest will be evaluated to shortlist sovereign debt advisory firms with demonstrable technical capabilities and relevant experience to be invited for a further bidding process ((Request for Proposals – RFP)..
To avoid conflict of interest, the Liability Management Operations Advisory Firm SHOULD NOT be a holder of Government of Kenya’s syndicated debts or are currently acting on behalf of syndicated lenders to the Government of Kenya, either directly or indirectly (through affiliates and or subsidiaries). Interested firms are requested to submit information indicating their: –
- Company profile including Certificate of Incorporation / Registration and Power of Attorney;
- Professional experience in the provision of liability management advisory services in low income and emerging economies;
- Demonstrable track record in successfully negotiating credit terms with arranged credit providers; and
- Professional multi-skilled team with knowledge in liability management operations.
Requests for further information or clarifications by any interested eligible liability management advisory firms should be addressed to: –
The Principal Secretary
The National Treasury
Republic of Kenya
Treasury Building
Harambee Avenue,
6th Floor, Room 619
P.O. Box 30007 – 00100 Nairobi
Tel: +254-20-2252299
Email: procurement@treasury.go.ke
Completed Expression of Interest documents enclosed in a plain sealed envelope clearly marked “EOI for Liability Management Operations Advisory Services” shall be addressed to: –
The Principal Secretary
The National Treasury
Republic of Kenya
Treasury Building
Harambee Avenue,
6th Floor, Room 619
P.O. Box 30007 – 00100 Nairobi
Tel: +254-20-2252299
Email: procurement@treasury.go.ke
and be deposited in the tender box provided at the Treasury Building, 6th Floor, Harambee Avenue, Nairobi, so as to be received on or before Monday 24th May, 2021 at 11.00 a.m. Kenyan Time.
All Bid Documents must be sequentially serialized / paginated.
The Expression of Interest will be opened immediately thereafter in the presence of the tenderers or their representatives who choose to attend the opening at The National Treasury, Treasury Building, 6th Floor, Boardroom Room No. 603 on Monday 24th May, 2021 at 11.00 a.m. Kenyan Time.
HEAD, SUPPLY CHAIN MANAGEMENT SERVICES
FOR: PRINCIPAL SECRETARY
NATIONAL TREASURY