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Kenya Boosts Economic Confidence with Eurobond Buyback

  • 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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