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Funding issuanceKenyaDeveloping story

Kenya plans a US$815m Eurobond in Q2 of FY2026/27, per 2026 borrowing plan

On Aug. 14, 2026 Kenya's 2026 Annual Borrowing Plan and media reporting state the government intends to issue a US$815 million Eurobond in the second quarter of the FY2026/27 funding year, establishing a clear primary supply event on the sovereign USD curve.

MSA Market DeskEvent 14 August 2026Reviewed 1 min read

The desk brief

On Aug. 14, 2026 Kenya's 2026 Annual Borrowing Plan and media reporting state the government intends to issue a US$815 million Eurobond in the second quarter of the FY2026/27 funding year, establishing a clear primary supply event on the sovereign USD curve.

A planned US$815m Eurobond is a direct primary-supply event for Kenya's USD sovereign curve, likely adding allocation and refinancing demand that can pressure medium- and long-dated points depending on timing, investor appetite and global risk-free yields. The ultimate impact will hinge on issuance sequencing, mandate size, and prevailing global funding conditions rather than the announcement alone.

Official syndication/prospectus publication and pricing announcement for the US$815m Eurobond (expected in Q2 FY2026/27).

Sources & verification

Developing story

Further independent confirmation is required.

Public references supporting this brief.

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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
10.53%9.34%8.15%6.97%5.78%20272032203720422048Kenya 27 · May 2027 · 6.408%Kenya 28 · Feb 2028 · 6.987%Kenya 31 · Feb 2031 · 7.843%Kenya 32 · May 2032 · 8.712%Kenya 33 · Oct 2033 · 8.868%Kenya 34 Jan · Jan 2034 · 9.077%Kenya 34 Feb · Feb 2034 · 9.453%Kenya 36 · Mar 2036 · 9.651%Kenya 38 · Oct 2038 · 9.900%Kenya 39 · Feb 2039 · 9.889%Kenya 48 · Feb 2048 · 9.694%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Kenya 27May 2027100.3136.408%
  • Kenya 28Feb 2028100.3136.987%
  • Kenya 31Feb 2031105.3757.843%
  • Kenya 32May 203297.3758.712%
  • Kenya 33Oct 203395.5008.868%
  • Kenya 34 JanJan 203485.5009.077%
  • Kenya 34 FebFeb 203492.6259.453%
  • Kenya 36Mar 203699.1259.651%
  • Kenya 38Oct 203892.7509.900%
  • Kenya 39Feb 203992.0009.889%
  • Kenya 48Feb 204887.0639.694%

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

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