Kenya has raised $1.5 billion (Sh193.95 billion) in the latest Eurobond sale at an interest rate of 9.5 percent, after realising offers of $4.9 billion (Sh633.6 billion) from investors.
The new bond, which will mature in March 2036, was floated to provide funding for a buyback of an existing $900 million (Sh116.4 billion) Eurobond that was issued in 2019, at a rate of seven percent.
