Yields on Kenyan Eurobonds have shrunk by up to 51 percent since they peaked in mid-July, indicating improved global conditions which could see the country rekindle its quest for commercial external financing.
The latest data from the Central Bank of Kenya (CBK) shows yields on the 10-year Eurobond maturing in 2024 have seen the largest dip in interest rates at 50.8 percent with the yield on the paper declining to 10.646 percent for the week ending on February 2 from a peak of 21.63 percent on July 14.
