Global investors have demanded for the first time since May more than 18 percent return to invest in Kenya’s Eurobond which matures in nine months, signalling increased perceptions of a sovereign default.
The yields on Kenya’s 10-year Eurobond maturing June 2024 hovered between 18.4 and 18.7 percent last week, data published by the Central Bank of Kenya shows, reflecting the rising risk investors are placing on Kenya’s short-term debt.
