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Economy / Kenya

Manifold Headwinds For Sovereign Issue

September 2008 | Economic Analysis

BMI View: We believe EM risk aversion is likely to weigh on appetite for Kenya's planned US$500mn sovereign bond issue, if it goes ahead as planned in H109. Furthermore, macroeconomic concerns including high inflation, a weak currency and sizeable fiscal and current account deficits will increase the perceived risk of investment.

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