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Old Posted Oct 13, 2014, 1:41 PM
eqariu eqariu is offline
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Kenya turns to bonds to finance infrastructure and other projects

Kenya is offering infrastructure bonds for the first time in order to cover its spending needs in the expanding transportation networks and electricity infrastructure.

According to the Central Bank of Kenya, the 12-year bonds are worth US$ 168million at a fixed rate of 11%. The sale of the bonds close on October 21st and the money will be used in financing infrastructure such as roads, energy, water and irrigation projects in the country.

Please read more here:
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Old Posted Dec 26, 2019, 6:23 AM
Santiago254 Santiago254 is offline
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An 11% fixed rate for a 12-year loan seems a little bit on the low end - especially given the inherent risk of lending to a developing country. The bonds I am currently purchasing in Kenya are 11% - 17% for 3 years.

Kenya is such a beautiful country with an abundance of resources, however the electricity infrastructure definitely needs to be improved. Kenya Power and Lighting Company (KPLC) is going through a multi-million shilling scandal that will cause investors to hesitate before lending money.
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Old Posted Mar 17, 2020, 2:50 AM
luciham20 luciham20 is offline
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