Costly Eurobond worries Kenya ahead of new issue

National Treasury Principal Secretary Julius Muia. PHOTO | SALATON NJAU | NMG

Kenya is reviewing its external borrowing options after its Eurobond yields hit double digits, signalling the high finance cost the country faces if it were to sell a new international bond.

Treasury PS Julius Muia said the government was concerned about the high yields and would explore alternatives for borrowing to plug the budget deficit.

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