This archive report was first published on 17 June 2021.
On June 17, 2021, the National Treasury of Kenya made history by successfully raising USD 1 billion through the issuance of a 12-year Eurobond in the international financial markets. This achievement comes after a successful 3-day virtual Eurobond Roadshow.
The bond was oversubscribed, with investors offering over USD 5.4 billion (Ksh 577.7B) to the new issue. This is a significant milestone for Kenya, marking the first new Eurobond issue in two years.
Cabinet Secretary for the National Treasury & Planning, Ukur Yatani, attributed the success to strong global investor confidence in Kenya's economy and medium-term economic prospects. He noted that measures taken to mitigate the effects of the pandemic on the economy were well received by investors.
Yatani expressed gratitude to investors for their strong participation in the bond issuance, stating,
