What happened with Eurobond

[Georgesoros]

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Restructured or what?
Currency market in shambles

[Kadudu]

So you do not read the news? Kenya issued another Eurobond 1.5B US$. with it the highest interest rates ever paid by an African country. A relief for the currency market, but big burden to the Kenyan economy.

[KenyanPlato]

So you do not read the news? Kenya issued another Eurobond 1.5B US$. with it the highest interest rates ever paid by an African country. A relief for the currency market, but big burden to the Kenyan economy.

What happens when Kenya pays the other bond in June? Won't this fx reserve be gone. The fundamentals

[Kadudu]

Kenya borrowed 1.5B US$ to pay the other 2B US$ Eurobond. So we borrowed and no cashflows on the Kenyan side. Madeni tupu.

What happens when Kenya bays the other bond in June? Won't this fx reserve be gone. The fundamentals

[Georgesoros]

Kenya borrowed 1.5B US$ to pay the other 2B US$ Eurobond. So we borrowed and no cashflows on the Kenyan side. Madeni tupu.

What happens when Kenya bays the other bond in June? Won't this fx reserve be gone. The fundamentals

[KenyanPlato]

They just refinanced debt. They have to pay the eurobond this year or default. They have decided to pay it using more borrowed funds

[Githunguri]

Kenya borrowed 1.5B US$ to pay the other 2B US$ Eurobond. So we borrowed and no cashflows on the Kenyan side. Madeni tupu.

What happens when Kenya bays the other bond in June? Won't this fx reserve be gone. The fundamentals

Plus the 280BN infrastructure bond yielding 18% tax free.

[Georgesoros]

Kenya borrowed 1.5B US$ to pay the other 2B US$ Eurobond. So we borrowed and no cashflows on the Kenyan side. Madeni tupu.

What happens when Kenya bays the other bond in June? Won't this fx reserve be gone. The fundamentals

Plus the 280BN infrastructure bond yielding 18% tax free.

18%???
Where can I buy that?

[Githunguri]

Kenya borrowed 1.5B US$ to pay the other 2B US$ Eurobond. So we borrowed and no cashflows on the Kenyan side. Madeni tupu.

What happens when Kenya bays the other bond in June? Won't this fx reserve be gone. The fundamentals

Plus the 280BN infrastructure bond yielding 18% tax free.

18%???
Where can I buy that?

Boss.

Auction already closed.
https://www.centralbank.go.ke//uploads/historical_treasury_bond_results/84469011_RESULTS%20FOR%20IFB1-2024-8.5%20DATED%2019-02-2024.pdf



Always buy bonds here.
https://www.centralbank.go.ke/dhowcsd/

Use internet wisely.

[Georgesoros]

Kenya borrowed 1.5B US$ to pay the other 2B US$ Eurobond. So we borrowed and no cashflows on the Kenyan side. Madeni tupu.

What happens when Kenya bays the other bond in June? Won't this fx reserve be gone. The fundamentals

Plus the 280BN infrastructure bond yielding 18% tax free.

18%???
Where can I buy that?

Boss.

Auction already closed.
https://www.centralbank.go.ke//uploads/historical_treasury_bond_results/84469011_RESULTS%20FOR%20IFB1-2024-8.5%20DATED%2019-02-2024.pdf



Always buy bonds here.
https://www.centralbank.go.ke/dhowcsd/

Use internet wisely.

Thanks Men. I wish I knew.

[Githunguri]

Kenya borrowed 1.5B US$ to pay the other 2B US$ Eurobond. So we borrowed and no cashflows on the Kenyan side. Madeni tupu.

What happens when Kenya bays the other bond in June? Won't this fx reserve be gone. The fundamentals

Plus the 280BN infrastructure bond yielding 18% tax free.

18%???
Where can I buy that?

Boss.

Auction already closed.
https://www.centralbank.go.ke//uploads/historical_treasury_bond_results/84469011_RESULTS%20FOR%20IFB1-2024-8.5%20DATED%2019-02-2024.pdf



Always buy bonds here.
https://www.centralbank.go.ke/dhowcsd/

Use internet wisely.

Thanks Men. I wish I knew.

Its not that late ....Try buying even Tbills they have very good yields..Check even Uganda,tanzania and Rwanda bonds good yields too,the markets are accessible to anyone.

[Georgesoros]

Kenya borrowed 1.5B US$ to pay the other 2B US$ Eurobond. So we borrowed and no cashflows on the Kenyan side. Madeni tupu.

What happens when Kenya bays the other bond in June? Won't this fx reserve be gone. The fundamentals

Plus the 280BN infrastructure bond yielding 18% tax free.

18%???
Where can I buy that?

Boss.

Auction already closed.
https://www.centralbank.go.ke//uploads/historical_treasury_bond_results/84469011_RESULTS%20FOR%20IFB1-2024-8.5%20DATED%2019-02-2024.pdf



Always buy bonds here.
https://www.centralbank.go.ke/dhowcsd/

Use internet wisely.

Thanks Men. I wish I knew.

Its not that late ....Try buying even Tbills they have very good yields..Check even Uganda,tanzania and Rwanda bonds good yields too,the markets are accessible to anyone.

Thanks
Let me research how to buy these

[KenyanPlato]

Becareful with bonds and tbills..they have a very risk that the country issuing them van fefault..plus the currency depreciation is going to make nonsense of your return. Gothunguri did some superb illustration on the fx risk of eroding any gains..the we r in no free lunch in capitalism  high..returns come with high risks

[Githunguri]

Becareful with bonds and tbills..they have a very risk that the country issuing them van fefault..plus the currency depreciation is going to make nonsense of your return. Gothunguri did some superb illustration on the fx risk of eroding any gains..the we r in no free lunch in capitalism  high..returns come with high risks

(1) Any country in the world can default, It happened even in Europe which has stable Fx.
Default does two things, Devalues your gov bonds with 30% and you continue earning interest or COLLAPSES the bank with your savings, Which would you choose of the two?

(2) https://www.worldgovernmentbonds.com/
That's a list of all government bonds in the world.
You can buy Aussie,New Zealand,USA which offer 4-5% incase you fear FX risk in countries like Kenya.
->https://www.treasurydirect.gov/marketable-securities/treasury-bonds/

(3) The goal is not to keep all your money in bonds, have a pool of cash crop plantations like mangoes avocado sugarcane sunflower,two or three plots and then government bonds.in short spread risk.