×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Kenya Eurobonds dip as Moody's renews foreign debt default fears

Vocalize Pre-Player Loader

Audio By Vocalize

Finance CS Njuguna Nding`u during a meeting at a city hotel on August 3, 2023. [Collins Kweyu, Standard]

The government's intention to buy back part of the $2 billion (Sh282 billion) Eurobond has sparked negative sentiments with global ratings agency Moody's equating it to a default.

Bloomberg reported that Kenya's Eurobonds had plunged after the statement by Moody's.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
Gulf Energy secures oil rig ahead of Lokichar project kick-off
Business
Big win for Ruto as court clears path for sale of key State firms
Business
PwC now seeks buyers for Koko Networks assets
Business
Kenya Pipeline Company IPO extended by three working days