Kenya’s return to the international bonds market on Monday is set to relieve pressure on local lenders to finance the budget deficit for the current fiscal year, signalling a potential retreat in domestic debt interest rates that have climbed to 18 percent.
The Treasury is selling its first Eurobond since June 2021 when it floated a 12-year paper that raised $1 billion (Sh159 billion).
By CHARLES MWANIKI