As Kenya continues to grapple with debt over GDP ratio issues, the national treasury has announced the successful pricing of a new 2 billion dollar Eurobond transaction. In a statement the national treasury said that the Eurobond issue was 7 times oversubscribed making it the highest order book for an issue from Africa. The issue is listed at the London stock exchange and seems to have awoken sufficient investor appetite for the over subscription. The statement further said that the funds would be applied towards the various government infrastructure projects including liability management. This comes at a time when the current debt to GDP ratio stands at 56 per cent.