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Prime
External debt maturity, grace period shortens on reduced bilateral loans
Treasury has been focusing on operations to smoothen the debt maturity profile by spreading repayment obligations over a longer horizon and easing near-term refinancing pressures even as new debt sustainability metrics come under pressure.
Kenya’s external debt average time to maturity and grace period shortened as the country saw a reduction in the share of bilateral loans that feature longer breathing room and repayment duration.
New data from the Treasury shows the average maturity of new external debt shortened to 15.6 years in the year to June 2025 from 20.5 years a year earlier.
