In a fresh borrowing move, the government has mobilised Ksh290 billion to manage Eurobonds set to mature in 2028 and 2032, providing relief to the country’s debt schedule.
In a statement on Friday, February 20, 2026, the treasury said the government raised the money from international markets through a fresh bond sale.
“The government of Kenya is pleased to announce the successful pricing of a new dual-tranche Eurobond issuance totalling $2.25 billion,” the statement read in part.
The proceeds have been earmarked to partly refinance existing debts, which mature in 2028 and 2032, and to bridge the budget deficit ahead of the 2026/2027 budget cycle.
Kenya has been named alongside several African countries, including the Ivory Coast and Congo, which have returned to international markets after borrowing conditions improved in recent weeks.
According to the treasury, the government issued Ksh116 billion in seven-year bonds and Ksh168 billion in 12-year bonds, attracting strong investor interest.
“The Eurobond issuance attracted strong, high-quality demand, with the order book significantly exceeding the offered amount,” the treasury said.
The issuance is aligned with the government’s strategy to smooth the maturity profile of Kenya’s external debt and proactively manage public debt liabilities.
It comes at a time when global borrowing conditions have slightly improved, making it easier and cheaper for countries to access international financing compared to previous years.
