Kenya now pays more interest a year on US$500m less debt
Coupon a year, US$ million
137.5
Old bond: US$2bn at 6.875%
146.25
New bond: US$1.5bn at 9.75%
Kenya now pays more interest a year on US$500m less debt
Item
Coupon a year, US$ million
Old bond: US$2bn at 6.875%
137.5
New bond: US$1.5bn at 9.75%
146.25
Source:
Republic of Kenya, offering circular for the 9.750% Amortising Notes due 2031
, 14 Feb 2024. Information, not advice.
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