Kenya is Considering Repurchasing Upto US$ 500m of its Outstanding Eurobonds

Kenya is considering repurchasing up to US$500 million of its outstanding Eurobonds while simultaneously issuing new dollar-denominated debt to finance the transaction. While at first glance, this may appear contradictory—borrowing to repay borrowing. In reality, this is a debt liability… Kenya is considering repurchasing up to US$500 million of its outstanding Eurobonds while simultaneously issuing new dollar-denominated debt to finance the transaction. While at first glance, this may appear contradictory—borrowing to repay borrowing. In reality, this is a debt liability…