Kenya Strikes Gold With Multi-Billion Eurobond Sale

26 February 2025

Kenya just pulled off a financial mic-drop moment, raising a whopping $1.5 billion that’s Sh194 billion, in its latest Eurobond sale. Think of it as the country hitting up the global money market and saying, “Hey, we’ve got big plans, and you’re all invited to invest in them.” And guess what? Investors showed up with $4.9 billion (Sh633.8 billion) in offers—talk about a vote of confidence! The bond comes with a 9.5% coupon rate, which is basically Kenya saying, “We’ll make it worth your while.”