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Author Topic: Kenya plans $500 million Eurobond buyback with new loans   (Read 437 times)

NelsonGoni

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Kenya plans $500 million Eurobond buyback with new loans 
« on: November 16, 2023, 12:02:31 AM »
Kenya plans $500 million Eurobond buyback with new loans 

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 .


Source: Kenya plans $500 million Eurobond buyback with new loans 
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