Kenya repays part of 2 bln USD Eurobond, ending fears of default

NAIROBI, Feb. 21 (Xinhua) -- Kenyan President William Ruto said Wednesday the government has successfully settled part of its 2 billion U.S. dollars in Eurobonds maturing in June, eliminating the risk of debt default.

Ruto said in a statement released in Nairobi, the capital of Kenya, that the country used the 1.5 billion dollars it raised on Feb. 12 in the Eurobond buyback issue to settle the debt.

"The