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Kenya Prepares $2.77 Billion Panda Bond with China

Summary by Financial Afrik
Kenya is in advanced negotiations with China to raise 358 billion shillings (about $2.77 billion) in Chinese financial markets to finance the resumption of the standard gauge railway (SGR) project between Naivasha and Malaba, on the Ugandan border. Financing would go through the issuance of a Panda Bond,...
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Kenya is in advanced negotiations with China to raise 358 billion shillings (about $2.77 billion) in Chinese financial markets to finance the resumption of the standard gauge railway (SGR) project between Naivasha and Malaba, on the Ugandan border. Financing would go through the issuance of a Panda Bond,...

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Financial Afrik broke the news in on Monday, June 23, 2025.
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