Nairobi, Feb. 29 -- The shilling could slide to more than 160 units against the US dollar in the coming months, a new forecast by a majority of analysts and economists working with leading global banks, consultancies, and think tanks shows, a situation likely to exert renewed pressure on prices of goods and services.

The Kenyan currency has gained about 10 percent of its value against the greenback since it hit a record low on January 25.

Issuance of the Eurobond helped the Treasury to repay $1.44 billion of the $2 billion of the debut 10-year issue which will mature in June, helping cool jitters amongst international investors over a sovereign default.

"The successful sale of foreign-currency-denominated bonds in mid-February lessened...