×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Read on the App

Thugge rules out new sovereign bond as Sh296b payment nears

Central Bank of Kenya (CBK) Governor Kamau Thugge. [Boniface Okendo, Standard]

Kenya has ruled out issuing a new Eurobond to refinance the $2 billion (Sh296 billion) Eurobond that is just seven months away from maturing in June next year.

The government now says the global credit market conditions are not conducive for the issuance.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in