Kenya Considers Entire Buyback of 2027 Eurobond Following New Bond Pricing
Kenya’s government announced it might buy back its $900 million Eurobond maturing in 2027 following the pricing of a new $1.5 billion bond. The buyback offer was launched earlier this week, with results expected on March 4.
On Thursday, Kenya’s government disclosed its potential plan to purchase the entirety of its $900 million Eurobond, which is set to mature in 2027. This announcement follows the pricing of a new bond valued at $1.5 billion, which was launched on Wednesday. Earlier in the week, the government initiated a buyback offer for the 2027 Eurobond, although it withheld details regarding the maximum amount it intends to acquire. The outcomes of this buyback initiative are anticipated to be released on March 4.
In summary, Kenya’s government is making strategic financial moves by proposing to repurchase its 2027 Eurobond after the recent pricing of a new bond. The outcome of the buyback offer aims to clarify the government’s fiscal strategy and will be revealed shortly, emphasizing the country’s proactive financial management.
Original Source: www.tradingview.com
