Centum Investment Company made an annualised return of 33 percent from the sale of its Eurobond investments in the year to March, having bought the bonds at lower prices in the second half of last year.
The company had bought Sh1.63 billion worth of Eurobonds —a mix of Egyptian and Kenyan dollar-denominated debt— in the period to diversify its investment portfolio and also to take advantage of lower prices which served to raise yields (interest income).
