Kenya’s government may repurchase its $900 million 2027 Eurobond after announcing a new $1.5 billion bond. A buyback offer was launched, with results expected on March 4.
On Thursday, the Kenyan government announced its intention to potentially repurchase the entirety of its $900 million Eurobond set to mature in 2027. This announcement follows the successful pricing of a new bond worth $1.5 billion earlier in the week. The government had introduced a buyback offer for the 2027 Eurobond but did not specify the maximum amount it would consider for repurchase. Results of this buyback initiative are anticipated to be revealed on March 4.
In summary, Kenya’s government is exploring the option to buy back its 2027 Eurobond, following the issuance of a new bond. The specific details and outcome of this buyback will be disclosed soon, emphasizing the country’s proactive fiscal strategies.
Original Source: www.tradingview.com
