Kenya Plans New Switch Bonds and Debt Buybacks to Ease Budget Pressure

• Treasury eyes bond switches and buybacks to manage domestic and external debt
• New bonds to be issued from November, with tenors ranging from five to ten years

Nairobi, Kenya – Kenya is preparing to issue fresh switch bonds and conduct debt buybacks starting next year in a bid to avoid potential defaults and reduce pressure on the national budget. The National Treasury views these actions as the best approach to handle the growing debt burden, which spans both domestic and external obligations.