Eurobond yields defy Moody’s downgrade

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The State has set a target to ramp up Kenya’s foreign exchange reserves to at least 6.1 months of import cover. FILE PHOTO | JEFF ANGOTE | NMG

Kenyan Eurobond yields have eased significantly since peaking earlier this month despite an adverse credit downgrade by Moody’s Investor Service.

The ease in yields implies the country could access external financing at more favourable costs if it is to return to the international capital markets.

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