Kenya has made tangible progress towards refinancing its $2bn Eurobond set to mature in June 2024, with the potential to access international debt capital markets as early as next year, says the county’s Central Bank Governor, Kamau Thugge.
“Unless the international market ceases to function, then I think we will have access back in 2024,” says Thugge in an interview withBut the heady days of single digit yields on Eurobond issues – which encouraged a swathe of African sovereigns borrow from the international debt capital markets for the first time in the late 2000s – will not return, says Thugge.Get unlimited access to our exclusive journalism and features today.
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