Kenya enters phase of costly Eurobond

Central Bank of Kenya. FILE PHOTO | NMG

Yields on Kenya’s Eurobonds have risen sharply in the past few weeks, signalling the high finance cost the country faces if it were to sell a new international bond.

The yield on the 10-year bond due in 2024 jumped to 8.55 percent on April 27 from 7.18 percent on April 20, according to the latest data from the Central Bank of Kenya.

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