Sharp Daily
No Result
View All Result
Friday, October 31, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya successfully prices $1.5 Billion eurobond to strengthen debt management

Huldah Matara by Huldah Matara
February 27, 2025
in News
Reading Time: 1 min read

The Government of Kenya has successfully priced a $1.5 billion Eurobond as part of its Liability Management Strategy, attracting strong investor demand and reinforcing confidence in the country’s economic outlook.

According to the National Treasury and Economic Planning, the 10-year bond carries a 9.5% coupon rate and will be amortized in three equal installments between 2034 and 2036. The issuance saw a high-quality order book exceeding $5 billion, signaling robust investor confidence in Kenya’s financial management.

“The Government of Kenya is pleased to announce the successful pricing of a new US$1.5 billion Eurobond,” the statement read, adding that proceeds will be used to refinance external debt, including the planned buyback of Kenya’s $900 million Eurobond due in 2027. The final buyback amount will be determined based on demand, with results expected on March 3, 2025.

The issuance follows Kenya’s successful $1 billion Eurobond in February 2024 and the full repayment of the 2024 Eurobond, aligning with the government’s strategy to smoothen debt maturity profiles and proactively manage public debt liabilities.

RELATEDPOSTS

Kenya set to re-enter Eurobond market ahead of 2027 maturity

July 15, 2024

Kenya shilling strengthens as government settles final eurobond amount

June 13, 2024

“This pricing marks another significant step in advancing the Bottom-Up Economic Transformation Agenda (BETA) spearheaded by President William Ruto,” stated the Treasury.

Kenya’s continued ability to tap international capital markets underscores strong investor confidence. The government reaffirmed its commitment to prudent and sound public debt management, ensuring long-term financial sustainability.

With the new Eurobond in place, Kenya aims to reduce short-term debt pressures while maintaining a sustainable economic trajectory.

Previous Post

Uganda’s last-minute USD 190.0 mn loan for Umeme buyout sparks parliamentary scrutiny

Next Post

Two bodies recovered as search for missing Kenyans continues in Todonyang

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

News

Domestic investors drive NSE recovery as foreign activity slows

October 30, 2025
News

ICPAK introduces UDIN system to enhance audit integrity and public trust

October 30, 2025
News

Who Should Invest in a Money Market Fund

October 29, 2025
News

Eastern Africa’s unified spectrum strategy to boost broadband

October 27, 2025
News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025

LATEST STORIES

How can Kenya ease energy costs for vulnerable households

October 30, 2025

Domestic investors drive NSE recovery as foreign activity slows

October 30, 2025

Kenya’s “too stable” shilling: Market confidence or policy management?

October 30, 2025

ICPAK introduces UDIN system to enhance audit integrity and public trust

October 30, 2025

SASRA warns auditors over SACCO reporting failures

October 30, 2025

Kenya’s Sovereign Wealth Fund: A new path to sustainable growth and fiscal stability

October 30, 2025

Why saving in a money market fund beats a regular bank account

October 30, 2025
Trucks crossing the Namanga border between Kenya and Tanzania

Tanzania Elections 2025: How Political Outcomes Could Affect Kenyan Trade and Travel

October 30, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024