The Kenyan Treasury has initiated a Ksh30 billion bond buyback for a 2023 bond to alleviate future domestic debt pressures, aiming to repurchase a significant portion of the outstanding Ksh76.5 billion bond before its May 2026 maturity.

• The bond carries a high 14.228 percent coupon, making it a costly liability for the government.
• The Central Bank of Kenya (CBK) invited investors to tender their positions for early repurchase by 10 AM on Monday, November 17, 2025.
• This buyback is a strategic move to "flatten its near-term redemption curve" and avoid potential cash-flow issues in the upcoming 2025/2026 fiscal year, where public debt servicing alone is projected to exceed Ksh1 trillion in interest payments.