Kenya’s Treasury announced plans to refinance over USD 5 bln in Eurobonds maturing by 2034, including urgent repurchase of USD 1 bln in 2028 notes. Treasury Secretary John Mbadi said authorities are also renegotiating near-term obligations with the Trade and Development Bank. Market reaction was positive, with yields on 2028 bonds down 25 bps and those on 2034 bonds down 12 bps by mid-afternoon in London.