kenya repays eurobond debt Stories

CS Mbadi said the proceeds from this bond will be used to refinance existing external debt, including a planned buyback of a US$900 million (Sh116.3 b...

Agency warns the move could attract high costs and worsen their debt dynamics.

Kenya used the $1.5 billion it raised on February 12, 2024, in the Eurobond buyback issue to make the payment, thereby eliminating the risk of debt de...