El Nino, Domestic Yields Force Kenya to Look Beyond Bond Market

Updated on
  • Yields on local-currency debt are near three-year highs
  • Government weighing syndicated loans, bilateral funding

With domestic borrowing costs near three-year highs and the shilling’s slump making foreign debt risky, Kenya may be forced to look beyond the bond market to plug a budget gap that’s widening as inclement weather curbs flower exports.

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