- Kenya successfully buys back over $1.4 billion in international bonds, easing repayment concerns for $2 billion due in June.
- Funded by a $1.5 billion Eurobond sale, the move aims to strengthen market confidence amid public finance worries.
On Thursday, the Kenyan government unveiled its plan to repurchase a significant portion of its $2 billion foreign bond due for maturity in June. The move, initiated through a tender offer last week, aims to mitigate investor concerns over Kenya’s fiscal health amid tight government budgets.
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