The World Bank Group has warned Kenya of the persistence of a high risk of debt distress following its recent costly partial Eurobond settlement.
Kenya paid dearly to water down the sovereign default risk attached to the maturity of its debut Sh260.4 billion ($2 billion) Eurobond as it issued new notes worth Sh195.3 billion ($1.5 billion) at an interest rate cost of 9.75 percent in February.
