Kenya raised $1.5 billion on international debt markets to prepay a billion dollars in eurobonds maturing in February 2028, a announced the Principal Secretary of the National Treasury, Chris Kiptoo, in a Press release published on Friday, October 3, 2025.

The combined interest rate of 8.7% was less than 1% than he would have paid at the start of the year, Chris said Kiptoo, Principal Secretary of the Treasury, while there was a strong is asking investors with bids of over $7.5 billion.

“This measure relieves the pressure on taxpayers, strengthens investor confidence and creates space budgetary to finance the main development priorities”, he declared in a press release.

The government buys back 1 billion dollars in bonds due February 2028 and will use part of the produced to finance the takeover.

The East African country is striving to reduce its global debt, which represents nearly 70% of its GDP, and to return more manageable reimbursements.

The government has reorganized its management of the maturity of its debt after the shilling weakened sharply to The maturity of a major Eurobond approaching in June of the year last, due to market concerns about its ability to repay this obligation.

The new plan provides for the emission depreciable obligations to avoid the type of lump-sum payment at which he was confronted last year.

Earlier this year, she also purchased another bond maturing in 2027 as part of its strategy for the proactive management of short-term refinancing risks.

The government also uses innovative tools to manage debt, including a plan to issue a pioneer program to exchange debt for food security from a billion dollars by next March.