Kenyan Debt Beats Peers as Market Awaits Eurobond: Africa Credit

Kenya bond investors are reaping region-beating gains this year as prospects for growth stoked by oil discoveries help counter concern the country remains vulnerable to terror attacks.

Shilling sovereign debt of East Africa’s biggest economy, which plans to sell its debut Eurobond this year, returned 6.2 percent in dollar terms in 2014, the most after Turkey among 16 emerging markets in Africa, Europe and the Middle East, according to Bloomberg indexes. The yield on the local-currency 10-year security, sold in January, has been at a record low since April 3.