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Eurobond yield fall signals confidence in economy
Treasury Building in Nairobi. Data compiled by UK-based investment bank Exotix Partners shows that the yield on the debt currently stands at 7.2 per cent. FILE
The secondary market yield on Kenya’s 10-year Eurobond has fallen to within 0.4 percentage points of coupon value since the beginning of the year, indicating improved investor confidence in the economy.
Data compiled by UK-based investment bank Exotix Partners shows that the yield on the debt currently stands at 7.2 per cent, falling from 8.9 per cent at the beginning of the year during a raging debate on the use of proceeds and the volatile shilling.
