Kenya plans to return to international capital markets to refinance a USD 2 bln Eurobond maturing in June 2024, seeking arrangers to access the markets before the deadline. The country aims to use the proceeds from the sale to refinance a 10Y Eurobond raised in 2014. Yields on the Eurobond due 2024 fell to 14.99% on Tuesday. The nation also aims to raise USD 400 mln through syndicated loans to partly plug its budget deficit in the current fiscal year. According to the IMF, no sub-Saharan African country has been able to raise financing through a dollar bond sale over the past year.