Treasury sets high Eurobond returns as IMF row rages on

Kenya has promised potential investors huge returns on its latest eurobond issue even as the debate on the country’s financial health rages.

The sale of the 10-year and 30-year dollar bonds comes at a time when reports have emerged that the International Monetary Fund (IMF) has denied the country access to its standby credit facility and its creditworthiness has been downgraded by rating agency Moody’s.