In this episode recorded on 14.02.2024 and hosted by Ramah Nyang - Business Journalist, Bloomberg, we are joined by Julians Amboko - Business Journalist, Nation Media Group and Churchill Ogutu - Economist, IC Group to discuss Kenya's recent Eurobond issuance and buyback.
We also cover borrowing from the domestic market vs the international market, issuing Eurobonds at a fixed vs floating rate, and expectations from the Finance Act and Finance Bill 2024.
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Show Notes
00:00:00 Introduction
00:05:13 Cross-Default
00:08:20 2031 Eurobond Issuance and the 2024 Eurobond Buyback
00:11:03 Alternatives for Settling the 2024 Eurobond
00:16:52 Domestic vs International Markets
00:21:38 Pricing of the 2031 Eurobond
00:28:11 Expectations from the Finance Act And Finance Bill 2024
00:30:30 Fixed vs Floating Rates and the FX Market
00:40:33 Ammortizing Feature
00:42:27 Longer-Term Eurobonds from Frontier Markets
Kenya's Eurobond Issuance and Buyback