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