Treasury eyes costly Eurobond to stay afloat amid debt crisis

National Treasury Cabinet Secretary Njuguna Ndung'u when he appeared before the Senate standing committee on Finance and Budget on April 5, 2023. [Elvis Ogina, Standard]

Treasury is considering tapping into the international capital markets with a fourth Eurobond issue in less than eight years to help pay off part of its debt obligations.

It has, however, not disclosed the amounts it hopes to raise from the international markets.