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How Kenya will fund Sh256bn Eurobond settlement next year
National Treasury Principal Secretary Dr Chris Kiptoo when he appeared before the Public debt and privatization committee at Parliament Buildings on March 6, 2023. PHOTO | LUCY WANJIRU | NMG
Treasury will tap concessional external loans to fund the Sh256 billion bullet repayment of its debut Eurobond due in the next financial year starting July, Parliament heard.
Treasury Principal Secretary Chris Kiptoo told MPs that the International Sovereign Bond of $2,000 million (Sh256 billion) issued in 2014 will be falling due during the 2023/24 financial year.
