Kenya ready to issue new Eurobond to refinance maturing bondTreasury Cabinet Secretary Henry Rotich. [Photo, Standard]NAIROBI, KENYA: Kenya is ready to issue a new Eurobond and also plans to refinance a maturing 5-year dollar bond, Treasury CS Henry Rotich said on Thursday.Kenya made its international capital markets debut in the summer of 2014, issuing 10- and 5-year tranches that were met by huge investor appetite. SEE ALSO :Sh250b Eurobond is 'clean', says audit“It’s the news they are going to refinance the 2024s,” said Edwin Gutierrez, head of emerging markets sovereign debt at Aberdeen Standard. The drop also made the existing bonds the worst performers in sub-Saharan Africa, which was generally struggling after high yield sovereign such as Argentina had a torrid day on Wednesday. For the latest news in entertainment check out Sde.co.ke and Pulser.co.ke , for everything sports visit Gameyetu.co.ke and ladies we have you covered on Evewoman

Source: Standard Digital April 26, 2019 05:03 UTC