Kenya’s National Treasury has doubled down on its efforts to swap the country's short-term debt with longer-term issuances.
This comes barely a week after it commenced a debt swap that will see Sh87.8 billion ($714.6 million) worth of short-term debt converted into long-term debt to ease the pressure it is experiencing from maturities. Last week, the Kenyan government floated its first switch bond since June 2020.
