INTERVIEW: How Kenya's $1bn Eurobond compares to others in Africa

Kenya this week tapped international credit markets to raise $1 billion in a 12-year, USD denominated Eurobond. The Eurobond will be repaid in two tranches in January 2033, and January 2034.
The note which got a yield of 6.3% was the first such issuance from the East African tea and coffee exporter in 2 years, and it attracted $ 5.4 Billion in offers, which the country's Finance Ministry argued was a sign of "strong global investor confidence." Ramah Nyang explores if that's the case.


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