Kenya benchmarks Egypt’s 11pc in Eurobond buyback

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The National Treasury and Economic Planning Cabinet Secretary Prof Njuguna Ndung'u on May 3, 2023. PHOTO | EVANS HABIL | NMG

The Treasury hopes to buy back Eurobond coupons at 11 percent or below to refinance the maturing Sh280 billion ($2 billion) sovereign debt maturing in June next year.

The exchequer has disclosed to the Public Debt and Privatisation Committee as it also targets to keep par terms on rollovers in the new 2023-24 financial year.

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