Kenya’s government may buy back its $900 million Eurobond due in 2027 after pricing a new $1.5 billion bond. A buyback offer for the 2027 Eurobond was launched, with results expected on March 4.
On Thursday, the government of Kenya announced its potential intention to buy back its $900 million Eurobond that is set to mature in 2027. This decision follows the pricing of a new bond worth $1.5 billion, which was unveiled the previous day. Earlier in the week, the East African nation initiated a buyback offer for the 2027 Eurobond but did not specify the upper limit of the amount it aims to purchase. The results of this buyback offer are anticipated to be disclosed on March 4.
In summary, Kenya is exploring the buyback of its 2027 Eurobond following the recent pricing of a new bond. The government has launched a buyback offer without disclosing the maximum amount, with results expected soon. This move reflects the government’s ongoing financial strategies to manage its debt.
Original Source: www.tradingview.com
