According a number of news outlets, the Eurobond received total bids of $8.8bn of which, a senior Kenyan official told Reuters, it plans to take up $2bn.
The highly successful fund raising comes despite a heavy terrorist attack on northern coastal town Mpeketoni on Sunday night which left almost 50 people dead and scores injured.
The attack by Somali Islamist militants al Shabab, is the latest in a series of shootings and bombings across the country which earlier this year led to the UK’s Foreign Office warning all but essential travel to the country should be avoided. The foreign office’s decision led to a number of large UK holiday makers, such as Thomson, cancelling all holidays and flights to Kenya until 31 October.
According to the Financial Times, the fundraising efforts puts Africa on track to beat the $11bn it raised last year from the international capital markets.
