Kenya Plans $1 Billion Eurobond Buyback, World Bank Says
- Repurchase will bring total buybacks this year to $2.5 billion
- Kenya issued eurobonds this year to refinance 2024 maturities
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Kenya plans another early buyback of its eurobonds this year as part of plans to smooth out the nation’s debt-repayment profile, the World Bank said.
The East African nation will settle $1 billion of its eurobonds ahead of maturity, bringing the total repurchases this year to $2.5 billion, the Washington-based lender said in a report.