Cote d'Ivoire Eurobond sale spells hope for Kenya’s return to market

The shilling is on course for its biggest multi-year drop against the majors. PHOTO | SHUTTERSTOCK

Last week’s new Eurobond sale by the Cote d'Ivoire has rekindled hopes of Kenya’s successful return to the international capital markets.

The issuance, which is a first by an African country in two years, has signalled renewed investor appetite for the sovereign debt of emerging and frontier economies.

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Note: The results are not exact but very close to the actual.