Two weeks ago, Kenya conducted a buyback of Ksh218 billion (USD1.5 billion) from its Ksh310 billion (USD2 billion) Eurobond, characterizing the move as part of its comprehensive debt management strategy. These bonds encompass the outstanding amount of Ksh28 billion (€176.36 million) due in 2026 and Ksh111 billion (€700 million) due in 2032. "The Republic is making the offers as part of its proactive debt management strategy. In a related development, on February 21, the Kenyan government disclosed that it had made a payment of USD1.5 billion (equivalent to Ksh218 billion) as part of a USD2 billion Eurobond loan. “Yesterday marked a significant financial milestone for Kenya as we successfully settled the buy-back of a substantial part of the USD2 billion 2014 Eurobonds that were scheduled to mature on June 2024,” Ruto remarked.
