Hard truths.
The bond was divided into two tranches. One raised $900 million (about Sh116 billion), carrying an interest rate of 7.9 per cent and maturing in 2034. The second raised $1.35 billion (about Sh174 billion), carr...
Mohamed linked the debt issue to broader governance concerns, saying financial mismanagement has weakened service delivery and public trust
Last year, Kenya tapped the Eurobond market twice to refinance maturing debt, aiming to ease short-term repayment pressures and improve the overall debt profile.
Mbadi said the proactive move aims to manage upcoming Eurobond maturities and prevent debt distress.
In a statement released by the National Treasury Principal Secretary, Chris Kiptoo on October 3, 2025, the funds were raised through two facilities, a seven-year loan at 7.875 percent interest and a twelve-year...
The new issuance not only secures funds to repurchase a portion of the 2027 bond but also extends Kenya’s repayment timeline to 2036, easing short-term financial pressure.