The National Treasury is considering a KSh145.6 billion Eurobond issuance to help finance Kenya's 2026/27 budget.
The National Treasury is considering a KSh145.6 billion Eurobond issuance equivalent to US$1.12 billion for the 2026/27 financial year. This forms part of efforts to address a KSh1.16 trillion deficit within the overall KSh4.82 trillion budget.
The planned Eurobond would support refinancing of an existing KSh194 billion note due in 2031 that carries a 9.75 percent interest rate. Kenya's broader external borrowing strategy also includes KSh170.5 billion from a World Bank Development Policy Operation and KSh21.3 billion from the African Development Bank.
Net foreign financing is projected at KSh116.2 billion for the year. Domestically the Treasury intends to raise KSh1.03 trillion through government securities while total public debt obligations through the Consolidated Fund Services reach KSh2.56 trillion.
