Kenya dollar bonds fall as results show low turnout in presidential ballot

Nairobi stock exchange trading Bond

Kenya dollar bonds fall as results show low turnout in presidential ballot. Kenya’s dollar-denominated bonds fell by nearly half a cent on Friday after results of the presidential elections showed a low voter turnout dealing a blow to President Uhuru Kenyatta’s hopes for a decisive second-term mandate.

The 2019 issue fell as much as 0.45 cents to 102.35 cents in the dollar while the 2024 bond lost the same amount to hit a low of 102.35 cents, according to Thomson Reuters data