Kenya to Price its Samurai Bond at 1%

Kenya plans to price it’s $500 million Samurai Bond at an attractive rate of between 1% and 2%.

The move signals Kenya’s intent to tap into more cost-effective sources of funding

The decision to price the Japanese bond sale within such a competitive interest bracket rubber stamps President William Ruto’s commitment to reducing Kenya’s borrowing costs.

Kenya has recently experienced higher interest rates in credit market, with Rates as high as 12%.

Samurai Bond Timely

The Samurai Bond is set to be concluded in June this year.

Authorities are aiming to boost tax to GDP ratio to 25% over the next decade, up from the current 16%.

This increase is part of Kenya’s long-term economic strategy to provide a more substantial domestic revenue base to support the its development agenda.


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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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