
Mwanzo TV
February 27, 2025 at 03:48 PM
#kenya: *KENYA RAISES $1.5 BILLION (SH193.95 BILLION) IN THE LATEST EUROBOND SALE*
Kenya has successfully raised $1.5 billion (Sh193.95 billion) in its latest Eurobond sale at an interest rate of 9.5 percent.
The bond attracted offers totaling $4.9 billion (Sh633.6 billion) from investors.
The funds raised will be used to refinance an existing $900 million (Sh116.4 billion) Eurobond issued in 2019 and provide additional budgetary support.
This move is part of Kenya's strategy to manage its debt profile and ensure financial stability.
The new bond will mature in March 2036 and will be amortized in three equal installments in 2034, 2035, and 2036.