Explainer: What is a Eurobond and how does it affect Wanjiku? First, it does not necessarily mean that the bond is issued in Europe or uses in the euro currency. So, a Eurobond is a financing tool issued in a foreign currency outside the borders of the country borrowing. For instance, the Kenyan bond has been issued to investors across Europe and the US and is denominated in US dollars. A bond is simply a promise that an investor will be repaid their debt (loan made to the borrower) at a future date and at a particular interest rate.

Source: Daily Nation May 16, 2019 12:24 UTC