Kenya will use part of the Sh156.8 billion loan it recently secured from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its debut Eurobond which matures on June 24.
The final payment on the 2014 sovereign bond is expected to put to rest investor jitters that had deflated foreign exchange flows in the past year and triggered a sharp depreciation in the value of the Kenyan shilling.
