Kenya has launched a buyback of the $1 billion (Sh129.23 billion), 10-year Eurobond that is due to mature in February 2028, looking to avoid the pain of a bullet payment on the debt.
This will be the third early repayment of a Eurobond by the government in the last two years, which is part of the Treasury’s debt management strategy of directly refinancing large upcoming maturities with new bonds of longer tenor.
