Treasury on US roadshow to market bond to raise between Sh150b and Sh300b

Cabinet Secretary of the National Treasury Henry Rotich. [Photo: Wilberforce Okwiri]

Kenya’s planned eurobond issue got a boost after two ratings agencies contracted by Treasury gave it a positive outlook.

Fitch and S&P both said Kenya’s long-term debt was stable at B+, which means the country is less likely to default on the debt.