Low Eurobond yields boon for the Treasury

National Treasury. FILE PHOTO | NMG

Secondary market yields on Kenya’s Eurobonds have fallen to the lowest level since the various tranches were issued, opening a new window for the country to raid the international markets for budget funding at cheaper cost.

The bonds, which trade on the London and Irish stock exchanges, this week registered bid yields of between 4.84 percent and 7.66 percent on the shortest (five years) and longest (28 years) ends of the yield curve.

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