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

On August 14, 2026, Kenya’s 2026/27 Annual Borrowing Plan disclosed a planned US$815 million Eurobond to be issued in the second quarter of the 2026/27 fiscal year, adding a material commercial hard‑currency supply that would extend Kenya’s external curve in the medium‑to‑long end.

If issued, the US$815m Eurobond would add medium‑to‑long duration benchmark supply to Kenya’s USD curve, concentrating duration risk in those tenors. The issuance’s impact on regional spreads will depend on final tenor, coupon and investor demand; higher US Treasury yields could depress prices even without spread widening. It does not imply an executed trade or pricing until transaction terms are announced.

Publication of the Eurobond’s roadshow/offer timetable and final terms (size, tenor, coupon) ahead of pricing.