Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Eurobond yields rise slightly on investor jitters over scrapped 2024 Finance Bill
The yield on Kenya's 10-year Eurobond maturing in 2028 is hovering around 11.51 percent, up from 9.71 before the protests, while investors are demanding 11.74 percent for the six-year bond (raised from 10.21 percent in mid-February), up from 10.22 percent on June 19.
The risk assigned to Kenya's sovereign bonds by international investors has risen slightly in two months amid concerns about eroded public finance options following the collapse of the Finance Bill 2024, which contained a raft of new and higher tax measures.
With little room for President William Ruto's government to cut spending, yields on Kenya's medium-term bonds traded on the London Stock Exchange have risen 2.02 percent since the successful youth-led anti-tax demonstrations.
