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Maroc Maroc - WN.COM - Africa - 28/Feb 07:37

Kenya accelerates debt repositioning with $415m Eurobond buyback

Kenya’s government has moved to repurchase about $415 million of its outstanding Eurobonds due in 2028 and 2032, a strategic manoeuvre designed to ease looming repayment pressures and recalibrate the nation’s external debt profile. The tender offer, which attracted substantial investor interest, comes amid broader efforts to manage refinancing risk and sustain fiscal stability as the East African economy navigates tight debt dynamics. Officials confirmed that all valid tenders for the 7.25 per cent notes maturing in 2028 were accepted in full, while the 8 per cent amortising notes due in 2032 were accepted up to a capped level after demand greatly...

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