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Originally published by The Kenyan Wall Street
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October 11, 2025
6h ago

Kenya Buys Back KSh 81.2 Billion of 2028 Eurobond After Successful Dual Issuance

Kenya Buys Back KSh 81.2 Billion of 2028 Eurobond After Successful Dual Issuance

Kenya repurchases US$ 628.4Mn (KSh 81Bn) of its 2028 Eurobond after raising US$ 1.5Bn (KSh 194Bn) to ease external debt pressures...

✨ Key Highlights

Kenya has successfully bought back US$628.44 million (KSh 81.2 billion) of its 2028 Eurobond, following a new US$1.5 billion dual Eurobond issuance. This move aims to smooth debt maturities and reduce refinancing risk.

  • Kenya accepted tenders worth US$628.44 million (KSh 81.2 billion) for repurchase at US$1,037.50 per US$1,000.
  • The buyback was financed by proceeds from a new US$1.5 billion (KSh 193.9 billion) Eurobond sale.
  • Citigroup Global Markets Limited and The Standard Bank of South Africa Limited acted as dealer managers for the transaction.

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