Kenya's Eurobonds have transitioned from a period of high default anxiety to a phase of cautious recovery and active liability management. Following the successful handling of the June 2024 maturity and subsequent buybacks in late 2025, investor confidence has been bolstered by a more stable exchange rate and improved foreign exchange reserves. While yields on the secondary market have moderated from their double-digit peaks, the Kenyan sovereign debt profile remains sensitive to fiscal consolidation efforts and the nation's ongoing relationship with multilateral lenders like the IMF.
| Name | Issue Date | Maturity Date | Amortisation Schedule | Coupon | Size |
|---|---|---|---|---|---|
| (%) | (USD Mn) | ||||
| Kenya 27 | 22/05/2019 | 22/05/2027 | 2026, 2027 | 7.00 | 214 |
| Kenya 28 | 28/02/2018 | 28/02/2028 | Bullet | 7.25 | 372 |
| Kenya 31 | 16/02/2024 | 16/02/2031 | 2029, 2030, 2031 | 9.75 | 1,500 |
| Kenya 32 | 30/04/2025 | 30/04/2032 | 2030, 2032 | 8.25 | 500 |
| Kenya 32 | 22/05/2019 | 22/05/2032 | 2030, 2031, 2032 | 8.00 | 1,200 |
| Kenya 33 | 09/10/2023 | 09/10/2033 | 2031, 2032, 2033 | 8.75 | 750 |
| Kenya 34 | 23/06/2021 | 23/01/2034 | 2033, 2034 | 6.30 | 1,000 |
| Kenya 34 | 05/03/2025 | 05/03/2034 | 2034, 2035, 2036 | 9.50 | 1,500 |
| Kenya 38 | 09/10/2025 | 09/10/2038 | 2036, 2037, 2038 | 9.75 | 750 |