Meanwhile, Kenya’s government enlisted Citi and South Africa’s Standard Group to advise managing a USD 2 bln Eurobond due in June 2024. The 10-year bond, priced at 6.78% in 2014, must be repaid or refinanced amid rising yields. Concerns are rising over the country’s increasing debt and weakening shilling, with its public debt being 67.4% of GDP by the end of 2022.