Although Kenya missed out on low nominal yields for emerging market issuance before the May to August rout, the country will not pay through the nose for credit-specific risk, despite the recent terrorist atrocities at Westgate Mall, its twin deficits and large size of the deal at $1.5 billion to $2 billion, say analysts. However, the country faces an uphill battle to issue before the Christmas holidays.
Kanika Saigal,
October 25, 2013