Treasury launches Sh64.5bn Eurobond buyback plan
Under the liability management exercise announced Tuesday, the Government is offering to buy back up to $350 million of its 8 percent amortizing notes due 2032 and up to $150 million of its 7.25 percent notes due 2028. The total cash outlay, inclusive of interest payments, is cap..
✨ Key Highlights
The National Treasury of Kenya has launched a Sh64.5 billion ($500 million) plan to buy back portions of its 2028 and 2032 Eurobonds. This initiative aims to streamline external debt repayments and reduce refinancing risks, coinciding with a planned issuance of new U.S. dollar-denominated notes.
- Kenya is offering to buy back up to $350 million of its 8 percent amortizing notes due 2032 and up to $150 million of its 7.25 percent notes due 2028.
- The National Treasury is the key organization involved, managing the country's external debt.
- The buyback offer opened on February 18 and will expire on February 25, with settlement expected on March 3, dependent on the successful issuance of new notes.
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Kenya Treasury Launches Eurobond Buyback as Government Moves to Regulate Saccos - February 2026
The National Treasury of Kenya has launched a Sh64.5 billion ($500 million) plan to buy back portions of its 2028 and 2032 Eurobonds. This initiative aims to streamline external debt repayments and reduce refinancing risks. In parallel, the Kenyan government plans to establish a new regulatory authority to oversee non-Sacco cooperatives, aiming to protect billions of shillings for members. A focus team led by Cabinet Secretary Wycliffe Oparanya has also recommended extending the moratorium on new Sacco registrations until a new law is established. This move is intended to bring stability to a sector currently grappling with over 5,000 unregulated Saccos.
