JUST IN: Treasury Plans $900M Eurobond Buyback to Ease Debt Repayment Pressure 

  Kenya plans to repurchase a $900 million (Ksh.116.7 billion) seven-year tranche of the $2.1 billion (Ksh.271.76 billion) Eurobond issued in May 2019. The government intends to finance this buyback using proceeds from a new bond with a longer repayment period, aiming to ease debt repayment pressure. This will be the Treasury’s second Eurobond buyback. The first occurred in February 2014, when the government repurchased $1.48 billion (Ksh.191.9 billion) of the $2 billion (Ksh.259.3 billion) 2014 Eurobond just four months before its maturity. That buyback was funded through a new seven-year bond worth $1.5 billion (Ksh.194.5 billion). Bond buybacks help governments
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