Kenya: Kenya Raises Sh193 Billion From Investors, Uses Part to Pay Eurobond

The government has successfully raised USD1.5 billion (Ksh193.8 billion) from international investors, a move that has enabled it to pay off part of the 2028 Eurobond ahead of schedule.

Treasury Principal Secretary Chris Kiptoo on Friday confirmed that the funds were secured at a lower cost compared to earlier in the year, giving the country more room to manage its debt obligations.

Out of the money raised, USD1 billion (Ksh129.24 billion) was used to settle the Eurobond, easing the burden…