Kenya’s government may fully buy back its 2027 Eurobond after pricing a new $1.5 billion bond. A buyback offer was launched earlier this week without specifying the maximum bond amount. The results are expected on March 4.
On Thursday, the government of Kenya announced its potential plans to repurchase its $900 million Eurobond set to mature in 2027. This announcement follows the recent pricing of a new bond, which amounts to $1.5 billion, conducted on Wednesday. The buyback initiative for the 2027 Eurobond was initiated earlier this week, although specific details on the maximum amount to be repurchased have not yet been disclosed. Results of the buyback offer are anticipated to be released on March 4.
In summary, Kenya’s government is considering the full buyback of its 2027 Eurobond after establishing a new $1.5 billion bond. While the buyback offer has been launched, it remains unclear how much of the Eurobond will be repurchased. The outcome of this financial maneuver will be publicly known on March 4.
Original Source: www.tradingview.com
