Eurobond to cut Treasury interest rates, say experts

State plans to tap global markets for funds to pay maturing debts. FILE PHOTO | NMG

Interest rates of fixed-income instruments are expected to come down in the coming weeks due to the expectation of a new Eurobond, analysts say.

The Treasury has been planning the Eurobond since last year to ease pressure on domestic borrowing and credit uptake by the private sector. The bond is supposed to raise cash by end of next month, with a view to meeting maturing debt.

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