Kenya plans to buy back its June 2024 Eurobond, tapping Citigroup Inc. and Stanbic Holdings Plc as advisers to repay the USD 2 bln principal. Investors worry about Kenyan USD shortages and default warnings from Moody’s and S&P. Rising energy and food import bills have intensified debt concerns, fueling speculation of potential new high-yield debt issues or debt restructuring. The sovereign risk premium has surged 91 bps this quarter to a three-month high.