Kenya received over USD 3.4 bln in investor bids for a new 11-year bond, aimed at lengthening its debt maturity profile. The bond, priced around 10.125%, will help repurchase USD 900 mln of Eurobonds maturing in 2027. Kenya needs about USD 26 bln over the next decade to pay off maturing foreign debts and another USD 1.5 bln annually for external interest payments. The sale and buyback are being managed by Citigroup and Standard Bank.