Kenya made a total of Sh22.5 billion in interest payments on the five-year Sh76.4 billion ($750 million) Eurobond tranche that matured Monday, indicating the steep cost that taxpayers have to shoulder to finance external commercial loans.
The Treasury borrowed $2.75 billion in the debut Eurobond in 2014 in tranches of five years ($750 million/Sh75 billion) and 10-years ($2 billion/Sh200 billion).
