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Originally published by The Kenyan Wall Streetbusiness
October 11, 2025
6h ago
Kenya Returns to International Markets with US$1.5 Billion Eurobond
Kenya issues US$ 1.5 billion 2033 and 2038 Eurobonds at 7.875% and 8.80% to refinance its 2028 notes listed on London Stock Exchange...
✨ Key Highlights
Kenya has returned to international markets, successfully raising US$1.5 billion through a dual-tranche Eurobond issuance to proactively manage its debt and refinance near-term obligations. This marks the country's second major liability management operation in under two years.
- The issuance consists of two equal tranches: US$750 million of 7.875% Amortising Notes due 2033 and US$750 million of 8.80% Amortising Notes due 2038.
- The bonds are admitted to the official list of the UK Financial Conduct Authority and trading on the London Stock Exchange.
- The net proceeds are primarily intended to finance the repurchase of Kenya’s US$1 billion 7.250% Notes due 2028.
- Citigroup Global Markets Limited and The Standard Bank of South Africa Limited acted as joint bookrunners.
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