Kenya plans $500 million Eurobond buyback with new loans
Reuters
Reuters was first to report that Kenya’s government plans to buy back up to a quarter of its $2 billion international bond maturing next year before year-end. The decision comes after the east African country secured new loans, central bank governor Kamau Thugge told Reuters on the sidelines of the World Bank and IMF meetings in Marrakech. The push, seen as a move aimed at alleviating concerns whether Nairobi can repay the looming debt, lifted the 2024 bond rose sharply.
The post Kenya plans $500 million Eurobond buyback with new loans appeared first on Reuters News Agency.