Kenya Sees ‘Ideal’ Window for Eurobond Issuance as Costs Fall

A fall in borrowing costs have made conditions ‘ideal’ for another Kenyan eurobond issuance, according to the nation’s Treasury Secretary John Mbadi.

Kenya has been rearranging its eurobond maturity profile to spread out repayments, raising $3 billion last year to retire notes due in 2027 and 2028. While the redemption pipeline has improved, there’s still room for further so-called liability management operations to retire costly debt, Mbadi said.