Skip to content
MSA TraderAFRICAN CAPITAL MARKETS
Sign inRequest access
Market intelligence
Funding issuanceKenyaVerified brief

Kenya plans a US$815m Eurobond in 2026/27 as part of its borrowing plan

On 14 August 2026 Kenya published its 2026/27 borrowing plan that includes a planned US$815 million Eurobond pencilled for the second quarter of the fiscal year (October–December 2026), adding hard‑currency supply to the sovereign curve and forming part of a broader US$5.41bn external financing envelope.

MSA Market DeskEvent 14 August 2026Reviewed 1 min read

The desk brief

On 14 August 2026 Kenya published its 2026/27 borrowing plan that includes a planned US$815 million Eurobond pencilled for the second quarter of the fiscal year (October–December 2026), adding hard‑currency supply to the sovereign curve and forming part of a broader US$5.41bn external financing envelope.

A new US$815m Eurobond would increase Kenya’s external hard‑currency supply and extend its USD sovereign curve, affecting relative pricing of nearby maturities. The issuance premium will depend on global dollar rates, syndicate execution and concurrent regional sovereign issuance (notably Nigeria). Successful placement could ease near‑term external refinancing pressure but raises future FX debt service obligations.

Treasury syndication/timing announcements and bookbuilding in Oct–Dec 2026 (planned issuance window).

Sources & verification

Verified brief

Supported by 4 independent publishers.

Public references supporting this brief.

Was this brief useful?
Back to the briefing

Price Discovery

Kenya sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

11 priced bonds
10.89%9.66%8.44%7.22%6.00%20272032203720422048Kenya 27 · May 2027 · 6.647%Kenya 28 · Feb 2028 · 7.189%Kenya 31 · Feb 2031 · 8.149%Kenya 32 · May 2032 · 8.952%Kenya 33 · Oct 2033 · 9.153%Kenya 34 Jan · Jan 2034 · 9.338%Kenya 34 Feb · Feb 2034 · 9.792%Kenya 36 · Mar 2036 · 9.944%Kenya 38 · Oct 2038 · 10.204%Kenya 39 · Feb 2039 · 10.239%Kenya 48 · Feb 2048 · 9.964%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • 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%

Indicative levels only. Full bid/ask context and trading actions remain inside MSA Trader.

Open Price Discovery
All market intelligence