Kenya posts 2026/27 borrowing plan including US$815m Eurobond and US$500m Samurai bond
On 14 August 2026 Kenya’s Finance Ministry posted its 2026/27 borrowing plan showing a US$815 million Eurobond pencilled for the second quarter (Oct–Dec 2026), a US$500 million Samurai bond in the third quarter, and optional US$300m panda and US$500m sukuk lines subject to legal/regulatory approvals.
The desk brief
On 14 August 2026 Kenya’s Finance Ministry posted its 2026/27 borrowing plan showing a US$815 million Eurobond pencilled for the second quarter (Oct–Dec 2026), a US$500 million Samurai bond in the third quarter, and optional US$300m panda and US$500m sukuk lines subject to legal/regulatory approvals.
The plan diversifies Kenya’s external funding across dollar, yen, yuan and Islamic-finance markets, which could change investor composition and refinancing risk. Execution depends on market windows and approvals: the firm Eurobond and samurai slots remain exposed to global rates and investor demand, while the panda and sukuk are conditional and would only add RMB and Sharia-compliant creditor exposure if approved.
October–December 2026 Eurobond pricing window and regulatory approvals for any panda/sukuk issuance.
Sources & verification
Verified briefSupported by 3 independent publishers.
- Kenya Borrowing Plan Reaches for Yen, Yuan and Sukuk Moneyriotimesonline.comSource published (opens in a new tab)
- Kenya Plans $815 Million Eurobond in Second Quarter of 2026/27 - UKUMBI AFRIKAreutersSource published (opens in a new tab)
- Kenya plans US$815m eurobond and US$500m Samurai bond in 2026/27 - Africa Business Insightafricabusinessinsight.comSource published (opens in a new tab)
Public references supporting this brief.
Price Discovery
Kenya sovereign curve
Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.
- Kenya 27May 2027100.1886.647%
- Kenya 28Feb 2028100.0637.189%
- Kenya 31Feb 2031104.5008.149%
- Kenya 32May 203296.5008.952%
- Kenya 33Oct 203394.2509.153%
- Kenya 34 JanJan 203484.2509.338%
- Kenya 34 FebFeb 203491.1259.792%
- Kenya 36Mar 203697.5009.944%
- Kenya 38Oct 203890.87510.204%
- Kenya 39Feb 203989.81310.239%
- Kenya 48Feb 204884.9389.964%
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