by bondevalue | Apr 8, 2021 | Sovereign Bonds
The IMF said in a report that African nation Kenya is likely to borrow $12.4bn by June 2022 via offshore sources. This includes $7.3bn via eurodollar bonds, $4.8bn via concessionary borrowing and $282mn semi-concessional loans, as reported by Bloomberg. This comes...
by bondevalue | Mar 8, 2021 | Credit Ratings, Sovereigns
Kenya’s rating has been lowered to B (stable) from B+ by S&P, pushing it further into junk territory. This comes on the back of the pandemic, which resulted in the nation’s real GDP growth dropping to 0.2% in 2020 from ~5.6% in the last 5 years. Even...
