Kenya Eurobond yields fall as investor jitters recede
Nairobi, Feb. 21 -- Yields on Kenyan Eurobonds have fallen into the single digits territory as investor jitters wear off following the partial payment of the Ksh285.6 billion ($2 billion) debut Eurobond.
Interest rates on the Eurobond maturing in June have, for instance, tumbled to 9.93 percent as of Monday's close from a high of 15.09 percent on February 9, 2024.
The return from other Eurobond issues has marked a similar turn with yields on the seven-year sovereign bond maturing in 2027 hitting a low of 8.611 percent from 11.64 percent over the same period.
Yields on the 10-year Eurobond maturing in 2028, the 12-year bond maturing in 2032 and the 13-year bond maturing in 2034 have similarly fallen to 9.475, 9.939 percent and 9.749 res...
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