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October 3, 2025
3h ago

Govt Secures Ksh193 Billion Loan, Uses Part to Pay Eurobond

Govt Secures Ksh193 Billion Loan, Uses Part to Pay Eurobond

The loan is expected to ease immediate pressure on the budget and create predictability in repayments...

✨ Key Highlights

The Kenyan government has secured a USD1.5 billion (Ksh193.8 billion) loan from international investors, utilizing USD1 billion (Ksh129.24 billion) to pre-pay a portion of the 2028 Eurobond.

  • The loan was raised at an effective interest rate of 8.7 percent, which is 1 percent lower than earlier this year.
  • Treasury Principal Secretary Chris Kiptoo confirmed this as the third such transaction since 2024, demonstrating commitment to prudent debt management.
  • Investor demand for the loan was significant, with offers exceeding USD7.5 billion (Ksh969.3 billion), reflecting renewed global confidence in Kenya’s economy.

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