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Kenya dollar bonds fall after CS Rotich’s arrest

CS Henry Rotich (Left) and PS Kamau Thugge

Kenya’s sovereign dollar bonds fell on Monday after the Director of Public Prosecution announced that National Treasury CS Henry Rotich will be arrested and charged over corruption in an unprecedented event for a sitting CS.

Bonds maturing in 2028, 2032 and 2048 slipped around 0.5 cents in the dollar, according to data by Tradeweb.

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