Inside Govt’s Debt-for-Food Plan to Manage Eurobond Repayments

Kenya is considering an innovative Kshs 129 billion debt-for-food swap to address its mounting Eurobond obligations and simultaneously tackle rising food prices. This strategy aims to replace expensive foreign debt with a cheaper loan, using the savings to pay off old balances and import bulk food.

Govt Borrows Ksh290 Billion in Rush to Beat Debt Deadline

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.

NSSF increases Eurobond investments from Sh7.17bn to Sh34.3bn in a year

Kenya to sell new debt, buy back 2028 and 2032 Eurobonds in debt management move

Inside Govt's New Strategy to Ease Debt Payments

The Government of Kenya is launching a tender offer for two outstanding Eurobonds totaling Ksh283.8 billion, due in 2032 and 2028, alongside plans for new dollar-denominated debt issuance. This strategy aims to manage external debt, refinance existing liabilities, and smooth repayment obligations.