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Originally published by Kenyanstop
February 20, 2026
12h ago
Govt Borrows Ksh290 Billion in Rush to Beat Debt Deadline

The strategy to clear the 2028 and 2032 Eurobonds has been considered a key step in stabilising Kenya’s debt and protecting the economy from future financial shocks...
✨ Key Highlights
Kenya has successfully borrowed Ksh290 billion ($2.25 billion) from international markets through a new Eurobond issuance to refinance existing debts maturing in 2028 and 2032, and to bridge the budget deficit. This move aims to ease pressure on the country’s debt repayments amidst improving global borrowing conditions.
- The government raised the funds through a new dual-tranche Eurobond issuance.
- Treasury Cabinet Secretary John Mbadi announced the successful pricing, noting strong investor interest.
- Kenya issued Ksh116 billion ($900 million) in seven-year bonds and Ksh168 billion ($1.35 billion) in 12-year bonds.
- Moody's Ratings recently upgraded Kenya's sovereign rating to B3 from Caa1, citing lower near-term default risk.
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