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Kenya’s 30-year bond reissue flops as investors demand higher yields

Nairobi, Kenya © Unsplash
Nairobi, Kenya © Unsplash

Herald Aloo

Herald Aloo, a journalist based in Nairobi, covers Kenya's economy, focusing on banking, and energy.
  • CBK raises Ksh71.6bn after 30-year paper draws tepid response
  • Investors favour 15-year bond as rates fall across government securities

Nairobi, Kenya – The Central Bank of Kenya has struggled to revive investor appetite for its longest-tenure bond, with bids for the reopened 30-year paper falling far short of target despite a push for higher yields.

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