Eurobond

Kenya settled the balance of $560 million (Sh72 billion) of 2014 Eurobonds using part of the proceeds from a $1.2 billion World Bank loan, the Central Bank of Kenya said. The debt, which was due on June 14, was settled on Friday, along…

Kenya will use part of the recently obtained Sh156.8 billion loan from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its first Eurobond maturing on June 24. The final sovereign bond payment for…

Kenya seeks to spend another 130.7 billion shillings ($1 billion) this year to repay its multi-billion-shilling Eurobond due in 2027, as incoming payments slow as part of efforts to mitigate currency and default risks. The country…

The World Bank Group has warned Kenya of the persistence of a high risk of debt distress following its recent costly partial Eurobond settlement. Kenya paid dearly to water down the sovereign default risk attached to the maturity of its…

Economy Kenya returns to global market for another Eurobond Friday February 09 2024 Kenya will tap the international bond market for the first time since 2021. Kenya will on Monday tap the international bond market for the first…

Economy Kenya to buy back Eurobond in February or March Wednesday January 31 2024 Kenya’s President William Ruto speaking during a past press briefing. PHOTO | EVANS HABIL | NMG Kenya is looking to buy back in February or March…

Economy Sh110bn IMF loan eases President Ruto’s Eurobond pressure Friday January 19 2024 The approval of Sh110.6 billion loan to Kenya is set to lower the heat on Eurobond repayment. The approval of Sh110.6 billion ($684.7…

News Ethiopia defaults on Eurobond repayment Tuesday December 26 2023 National Bank of Ethiopia Governor Mamo Mihretu speaking during a past interview. PHOTO | X via @mihretu Ethiopia became Africa's third default in as many…

Economy The Treasury plans to avoid 280 billion shillings in Eurobond payments Monday, June 26, 2023 Kenya expects the shilling to weaken further to 150.76 by the time it pays off its Eurobonds for the first time in June 2024.…