Kenya

Kenya: Near-term funding risks resolved but risks remain

  • Kenya's US$1.5bn, 10.375% eurobond issuance enabled it to tender US$1.443bn of its looming US$2bn June eurobond maturity

  • Rising domestic yields and cUS$1.65bn infrastructure bond issuance have reduced domestic funding risks and supported KES

  • Near-term liquidity risks now contained; retain Hold on KENINT 8 05/22/2032s & initiate Buy on KENIB 18.461 08/09/2032s

February 28th, 2024
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Disclosures

Tellimer is not authorised or regulated by any financial services regulator (including the Prudential Regulation Authority and the Financial Conduct Authority in the UK). Tellimer is a news and information service within the meaning of Article 54 of the Financial Services and Markets Act 2000 (Regulated Activities Order) 2001. The contents of this report are provided for information only and should not be regarded as invitation or inducement to engage in investment activity of any kind. Nothing in this article shall be construed as the giving of investment, tax legal or other advice by Tellimer or any other person.

As a User of the Tellimer Platform your Personal Data may be accessed by the Content Provider that Data for direct marketing. See Privacy Statement for more information.