Kenya is considering more Eurobond issuance to pay off maturing debt as part of “liability management operations” to smooth out its debt maturity curve, its Finance Minister said on Wednesday.
John Mbadi told a news briefing that it looked like a good time for East Africa’s biggest economy to go back to the Eurobond market but “that decision will be made later”.
Mbadi said the Central bank had assured his Ministry that enough Chinese currency would be available to pay off loans from China that had been converted from the Dollars into Yuan.
–Reuters–
