Kenya Weighs Repurchasing $3.5 Billion of Local-Currency Bonds

Kenya’s government plans to buy back as much as 455 billion shillings ($3.5 billion) of domestic debt before it matures, people with knowledge of the matter said, expanding a program to handle loan repayment more flexibly.

Authorities in the East African nation will sell new, longer-dated securities to finance the voluntary buyback, according to the people who asked not to be identified because the information isn’t public. Spokespeople at the Treasury and the Central Bank of Kenya weren’t immediately available for comment.