Kenya has raised 108 billion shillings (about $1 billion) through the issuance of a 12-year Eurobond in the international financial markets.
This is following a three-day virtual roadshow, the Treasury said.
The bond was over-subscribed with over $5.4 billion offered by investors to the new issue, Ukur Yatani, Cabinet Secretary at National Treasury and Planning, said in a statement.
“The overwhelming response from global investors reflects the market’s continued confidence in Kenya’s economic recovery programme supported by the International Monetary Fund (IMF).
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“And it is in line with our medium-term debt management strategy approved by parliament,’’ Yatani said.
According to the Treasury, the new Eurobond was the first issue by the east African nation in two years.
