@DailyNation

Eurobond yields defy Nairobi terror attack - 3 weeks ago, 18:30

By: Charles Mwaniki

Yields on Kenya’s Eurobonds fell last week as the Nairobi terror attack failed to cow international investors who have cut their risk rating on the country’s debt this year.

In trading at the Irish Stock Exchange, the $1.5 billion 10-year tranche issued in 2014 saw yield fall to 7.4 percent Friday from 7.52 percent a week earlier. The yield on the $1 billion 10-year bond issued in February last year fell from 8.26 percent to 8.18 percent. The long-term 30-year $1 billion paper issued last year has also seen its yield ease from 9.17 percent to 9.09 percent during the week.

These yields have come down significantly since the beginning of the year, having stood at 8.35, 8.99 and 9.75 percent for the 10-year 2014, 10-year 2018 and 30-year 2018 papers respectively. “In the international markets, yields on Kenya’s 10-year (2024), 10- year (2028) and 30-year Eurobonds declined. However, the yield for ...
Read More


Category: topnews news business

Suggested

1 hour ago
KPL may lose its sponsorship should FKF take charge: Aduda

According to Aduda, failure by FKF to renew the KPL contract would mean the sponsors of the top-tier competition will “walk out” since they have no contract with FKF as far as the league’s top ...

Category: topnews news sports
1 hours ago, 13:12
Interpol not looking for Joho, wants forged document probed- DCI

Police have cleared Mombasa Governor Hassan Joho over allegations he was wanted by Interpol for trading in drugs. The revelations were made in a letter by Director of Criminal Investigations George ...

Category: topnews news
1 hour ago
Zimbabwean rescuers pull 22 bodies from mine, eight more found alive

Zimbabwean rescuers pulled the bodies of at least 22 illegal gold miners out of shafts west of Harare that were flooded earlier in the week, and rescued eight more alive, officials and witnesses said ...

Category: topnews news
1 hours ago, 13:12
Two Kenya Airports Authority employees arrested over theft of luggage straps

Detectives from the Directorate of Criminal Investigations (DCI) on Saturday morning arrested two Kenya Airports Authority (KAA) employees for stealing luggage straps. Evans Okola Agunda, an Aircraft ...

Category: topnews news
14 minutes
Raila pleads with striking nurses to resume work

ODM leader Raila Odinga has pleaded with striking nurses across the country to resume duty for the sake of suffering patients.Speaking during a funeral ceremony in Samia sub county on Saturday, Raila ...

Category: topnews news
1 hours ago, 12:52
Has the Undertaker retired? WWE fans fear the worst ahead of WrestleMania 35

The Undertaker has reportedly finally retired as a wrestler. The WWE legend sent wrestling fans into meltdown when it was confirmed he would be appearing at the Starrcast II convention. The booking ...

Category: sports topnews news