by Amruth Sundarkumar | Jun 24, 2021 | Sovereigns
The board of the International Monetary Fund has announced the immediate disbursement of a further $407 mn to Kenya after the first reviews of two agreements were approved in April. These include two new 38-month financing arrangements for Kenya valued at $2.34bn....
by Amruth Sundarkumar | Jun 1, 2021 | Sovereign Bonds
Kenya’s debt servicing costs are expected to soar towards KES 1.17tn ($10.9bn) as per the nation’s parliamentary budget office report. According to the report, this rise in debt accompanied by a lack of debt restructuring suggests increased debt default risk and...
by bondevalue | Apr 8, 2021 | Sovereign Bonds
The IMF said in a report that African nation Kenya is likely to borrow $12.4bn by June 2022 via offshore sources. This includes $7.3bn via eurodollar bonds, $4.8bn via concessionary borrowing and $282mn semi-concessional loans, as reported by Bloomberg. This comes...
by bondevalue | Apr 5, 2021 | Sovereign Bonds
The IMF approved a $2.3bn 3Y financing plan for African sovereign Kenya to aid the country amid the impact of the pandemic, urging the reduction of debt vulnerabilities. The funding programme called Extended Credit Facility and Extended Fund Facility will see an...
