Kenya’s Debt Servicing Costs Escalate to $11bn
Kenya’s debt servicing costs are expected to soar towards KES 1.17tn ($10.9bn) as per the nation’s parliamentary budget office report. According to the report, this rise in debt accompanied by a lack of debt restructuring suggests increased debt default risk and...
Ghana Lining Up $1bn of Sustainable Debt
Ghana announced plans to raise $1bn via a sale of sustainable bonds, which includes the African nation’s first social bond that will fund a flagship policy in Africa aimed at widening access to education. The sale will most probably include a mix of social and...
Belarus Bonds Fall On Risk of Sanctions
Dollar bonds of Belarus fell over 1 point across the board as the nation forced a Ryanair flight to land at Minsk. Bloomberg reports that risks of this decision include fresh sanctions with some EU member states calling for it. The flight was ordered to land at the...
Russia Raises €1.5 Billion via Two-Trancher
Russia raised €1.5bn ($1.83bn) via a dual trancher. It raised: €1bn ($1.2bn) via a 15Y bond at a yield of 2.65%, 22.5bp inside initial guidance of 2.875% area €500mn ($611mn) tap of its 1.125% 2027s issued last year, priced at 98.5, yielding 1.367% The notes received...
