Kenya flags ~$815m Eurobond in FY2026/27: Near‑term external supply to press the sovereign belly and long end

Kenya’s FY2026/27 borrowing plan calls for an approximately US$815m Eurobond in Q2, with additional foreign‑currency issuance (including a possible Samurai bond) flagged later in the year. The immediate change is a material, scheduled addition to near‑term external supply from an already active issuer. That issuance mechanically increases rollover need in the offshore market and adds duration and issuance risk to Kenya’s dollar curve, particularly the belly and long maturities where new paper typically pins reference pricing and supplies liquidity for regional peer pricing.