Kenya is seeking to spend another Sh130.7 billion ($1 billion) this year to pay off its multi-billion-shilling Eurobond maturing in 2027 as it staggers upcoming payments in efforts to ease currency and default risks.
The country has disclosed the buyback plan to the World Bank but did not reveal whether it would use taxes or tap fresh loans to pay off the Eurobonds whose next tranche of Sh117.6 billion ($900 million) matures in 2027.
