New Eurobond seen easing pressure on domestic debt interest rates

 

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