Kenya's Central Bank Prepared to Settle 2024 Eurobond...
International News
August 10, 2023
Kenya's Central Bank expresses confidence in its ability to utilize foreign currency reserves to fully repay a $2 billion eurobond maturing in June 2024. Amid fluctuating yields on the upcoming settlement, which surged from 3% in 2021 to nearly 22% last year and currently stand at over 12%, the bank remains steadfast in its approach. Kenya is actively exploring settlement options, potentially involving a partial swap, and has engaged firms to assist in repayment.