Kenya Considers Buying Back 2027 Eurobond After Pricing New Bond

Kenya’s government may buy back its $900 million Eurobond maturing in 2027 after pricing a new $1.5 billion bond. A buyback offer was launched earlier this week, with results expected on March 4.

The Kenyan government announced its intention to potentially repurchase the entirety of its $900 million Eurobond that is set to mature in 2027. This declaration follows the pricing of a new $1.5 billion bond, which was launched on Wednesday. Earlier in the week, the government initiated a buyback offer for the 2027 Eurobond, although it has not disclosed the specific maximum amount that may be acquired. The results of this buyback endeavor are anticipated to be revealed on March 4.

In summary, Kenya’s government is poised to buy back its 2027 Eurobond following the successful pricing of a new bond. This strategic financial move highlights the government’s proactive approach to managing its debt, with the definitive results of the buyback expected soon.

Original Source: www.tradingview.com