Debt maturity falls on short-term paper rush

The debt disclosures are contained in the National Treasury‘s 2023/2024 annual public debt management report.

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The average time to maturity for Kenya’s public debt fell to 7.8 years in June 2024 from 9.4 years in 2023 on the issuance of shorter-dated debt instruments as investors raised their risk perception on the exchequer.

The lower duration to maturity exposes the country to higher refinancing risk, which occurs when the government has to repay large amounts of debt in a short period.

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Note: The results are not exact but very close to the actual.