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[QUOTE="Queen, post: 87490, member: 27"]
A $415 million Eurobond buyback just gave Kenya breathing room on its debt schedule while signaling investor confidence across East Africa.

Kenya's bond repurchase breakdown
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[*]Kenya bought back roughly $415 million worth of outstanding Eurobonds to ease future repayment pressure.
[*]All tendered 2028 notes at 7.25% interest were fully accepted.
[*]Demand for the 2032 notes massively exceeded what Kenya planned to repurchase.
[*]A proration factor of 0.329471 trimmed the accepted 2032 bonds to about $324.8 million.
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Fresh cash backing the whole operation
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[*]Kenya raised $2.25 billion through two new Eurobond issuances on 19 February 2026.
[*]Proceeds are partly refinancing older, pricier debt to smooth the repayment timeline.
[*]Settlement lands on 3 March, and repurchased bonds get cancelled after that.
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What Kenya is paying per bond
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[*]The 2028 notes cost $1,035 per $1,000 of face value.
[*]Accrued interest gets tacked on for both the 2028 and 2032 series.
[*]The 2032 notes carry an $1,055-per-$1,000 price tag.
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Bigger picture for East Africa's borrowing game
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[*]Kenya is the region's heaviest hitter on international debt markets.
[*]Pulling off a $2.25 billion raise and a buyback shows global investors still trust the play.
[*]Uganda, Tanzania, and Rwanda could benefit from that confidence spillover.
[*]Credible debt-management strategies remain the key to keeping that investor door open.
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