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Kenya’s Eurobond debt rises to Sh1.4trn after new issuance
The National Treasury undertook the first buyback in February 2024, repurchasing Sh193.5 billion ($1.5 billion) to partially refinance Kenya’s debut Sh258 billion ($2 billion) Eurobond from 2014, which was set to mature in June of the same year.
The stock of outstanding Kenyan Eurobonds has grown by Sh236 billion after the country’s latest issuance, revealing growing liabilities from sovereign bonds even as the National Treasury emphasizes focus on cheaper financing.
Kenya’s total Eurobonds rose from Sh1.132 trillion ($8.78 billion) to a high of Sh1.368 trillion ($10.61 billion) after the sale of a Sh290.2 billion ($2.25 billion) dual-tranche Eurobond last month.
