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Investors have continued to dump Kenya’s 2024 Eurobond (due in June 2024) on account of market prices, disorderly public finances and a much weaker fiscal trajectory. FILE PHOTO | SHUTTERSTOCK
 

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By  GEORGE BODO

Investors have continued to dump Kenya’s 2024 Eurobond (due in June 2024) on account of market prices, disorderly public finances and a much weaker fiscal trajectory.

The bond matures in June 2024 and already the government is looking to refinance it. The yield on the bond touched 20 percent last week, from 6.6 percent at issue, reflecting investors’ fear of a possible default.

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