The yields on Eurobonds recorded a mixed performance in the week ended March 10, when performance on the 12-year Eurobond issued in 2019 recorded the most significant gain, having increased by 0.3% points to 11.3% from 11.0% recorded the previous week.
The 10-year Eurobond issued in
Kenya has cancelled the planned Ksh.124.3 billion Eurobond which was set for July and is instead going for a syndicated loan from banks. This was last done in 2019.
According to National Treasury Cabinet Secretary Ukur Yatani, bids from banks were received at a cheaper rate,
Kenya could go without the scheduled Ksh.124 billion Eurobond issue for the financial year ending June 2022.
The National Treasury intends to fill the gap through domestic credit as it mulls raising domestic borrowing by two folds.
“Over the years, the government has successfully met its financing