Kenya prices $2.25bn Eurobond to refinance debt and ease repayment pressures

The National Treasury has confirmed the successful pricing of a new 2.25-billion-dollar Eurobond, a move aimed at refinancing existing debt and easing pressure on Kenya’s repayment schedule. The dual-tranche issue will finance the ongoing buyback of part of the country’s 2028 and 2032 Eurobonds, and support broader budgetary needs. The government says the strong investor response reflects growing confidence in the country’s economic outlook and ongoing debt management reforms