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Kenya Said to Consider Eurobond Sale to Repay Existing Debt

  • Government is said to consider options to pay syndicated loan
  • Demand for emerging-market debt drives borrowing costs lower
Updated on

Kenya’s Treasury is considering selling a Eurobond in the year starting in July to refinance maturing debt, according to a person familiar with the matter.

The timing of the offering will be decided by Treasury Secretary Henry Rotich, said the person, who asked not to be identified because they aren’t authorized to speak about the matter. The Eurobond is among a number of options being considered as a two-year, $750 million syndicated loan falls due in October and the same amount in five-year Eurobonds in June 2019, the person said.