Kenya settles Sh72bn Eurobond debt balance with World Bank cash

Central Bank of Kenya Governor Kamau Thugge.

Photo credit: File | Nation Media Group

Kenya has settled the balance of $560 million (Sh72 billion) of the 2014 Eurobond using a part of the proceeds of a $1.2 billion World Bank loan, the Central Bank of Kenya (CBK) has said.

The debt, which was maturing on June 14, was settled on Friday, alongside the last half-yearly interest payment of $19.25 million (Sh2.48 billion) that was due to bondholders for the six months to June 2024.

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