------------------------------------------Kenya on Wednesday issued a Sh210 billion Eurobond to UK and US investors. So, a Eurobond is a financing tool issued in a foreign currency outside the borders of the country borrowing. The inaugural Eurobond was issued in 2014 where a total of Sh280 billion was borrowed. With the new Sh210 billion bond this year, Kenya will have raised in excess of Sh692 billion in three Eurobonds in five years. In seeking the new financing options, Treasury hopes to diversify the sources of external debt and reduce over reliance on current sources of debt financing.

Source: Daily Nation May 16, 2019 10:41 UTC