Ruto May Tap Market to Fund Kenya’s $2 Billion Eurobond Payment
- Ruto says the government plans to buy back part of the debt
- Debt sale would follow Ivory Coast’s debt offering this month
Giorgia Meloni, left, welcomes William Ruto at the Italy Africa summit in Rome, on Jan. 29.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Kenya is considering tapping capital markets to help fund the repayment of a $2 billion eurobond that falls due in June, President William Ruto said.
The East African nation is also considering buying back a portion of the debt, with the amount yet to be determined, Ruto said in an interview in Rome, where he attended the Italy-Africa summit on Monday.