Yields On Kenyan Eurobonds On An Upward Trajectory

During the month, the yields on the Eurobonds were on an upward trajectory with the 10-year Eurobond issued in 2014 and the 12-year Eurobond issued in 2019 increasing by 0.7 and 0.4 percentage points to 4.4 and 7.1 percent, from 3.7 and 6.7 percent.

Additionally, the 10-year Eurobond issued in 2018, 30-year Eurobond issued in 2018, 7-year Eurobond issued in 2019, and 12-year Eurobond issued in 2021 all increased by 0.5 percentage points to 6.2, 8.4, 6.0, and 7.0 percent, from 5.7, 7.9, 5.5 and 6.5 percent, respectively.

During the week, yields on Eurobonds recorded mixed performance, with yields on the 10-year issue issued in 2014, a 10-year bond issued in 2018, a 30-year bond issued in 2018, and a 12-year bond issued in 2019 all increasing by 0.1 percentage points to 4.4, 6.1, 8.3, and 7.1 percent, respectively.

The yields on the 7-year bond issued in 2019 and the 12-year bond issued in 2021 declined by 0.3 percent and 0.1 percent to 5.5 and 6.9 percent, respectively.