Kenya now makes U-turn on $2b Eurobond buyback plan

Kenya's National Treasury building.

Kenya's National Treasury building.

Photo credit: FILE | NMG

Kenya’s National Treasury says it’s not keen on buying back part of the $2 billion Eurobond that matures in June 2024 citing investors’ ‘strong’ confidence in government’s fiscal policy stance.

“Buy back is one of the strategies for 2024 but doubt whether investors are willing to sell before maturity of the bonds,” Treasury Director of Debt Management Haron Sirma told The EastAfrican.