Bond Kenia 13.4% ( KE5000008549 ) in KES

Issuer	Kenia
Market price	100 % ⇌
Country	Kenya
ISIN code	KE5000008549 ( in KES )
Interest rate	13.4% per year ( payment 1 time a year)
Maturity	25/05/2043
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Minimal amount	50 000 KES
Total amount	93 428 060 000 KES
Next Coupon	25/05/2026 ( In 160 days )
Detailed description	Kenya is an East African country known for its diverse landscapes, including the savannahs of the Maasai Mara, the snow-capped Mount Kenya, and the Indian Ocean coastline. The following financial article provides a detailed overview of a specific sovereign bond issued by the Republic of Kenya. Analysis of Kenya's Domestic Sovereign Bond (ISIN: KE5000008549) This report delves into the specifics of a long-term fixed-income instrument, specifically an obligation with ISIN KE5000008549, issued by the Republic of Kenya. As a sovereign bond, it represents a debt instrument issued by a national government to finance its expenditures, fund development projects, or manage its national debt. The current market price for this particular bond stands at 100% of its face value, indicating it is trading at par, which suggests a balanced market assessment of its risk and return profile at present. The issuer, Kenya, is a significant economic player in East Africa, characterized by a diverse economy that includes agriculture, tourism, and a growing services sector. As a sovereign entity, Kenya regularly accesses both domestic and international capital markets to meet its financing needs. Investors in Kenyan sovereign debt typically assess factors such as the country's macroeconomic stability, fiscal policy, debt-to-GDP ratio, political stability, and its credit rating from international agencies, although this specific bond is issued within the domestic market and denominated in local currency. The issuance of such bonds by the Kenyan government is a standard practice for managing public finances and stimulating economic growth through public investment. Bearing a substantial annual interest rate of 13.4%, this bond offers a notable yield to investors, reflecting the prevailing interest rate environment within Kenya?s domestic financial market and the premium for longer-duration local currency sovereign debt. The bond is denominated in Kenyan Shillings (KES), meaning that principal and interest payments will be made in the local currency. For international investors, this naturally introduces currency risk, while for domestic investors, it provides a stable, high-yielding investment in their local currency. The bond carries a long maturity date of May 25, 2043, positioning it as a long-term investment vehicle, with a duration of approximately 20 years from the current date, which exposes it to greater interest rate sensitivity compared to shorter-term instruments. With a total issue size amounting to KES 93,428,060,000, this bond represents a significant fundraising effort by the Kenyan government, demonstrating its capacity to raise substantial capital within its domestic market. The minimum purchase size for this instrument is set at KES 50,000, making it accessible to a relatively broad range of investors, from institutional players to individual high-net-worth investors, fostering liquidity and participation in the local debt market. Interest payments for this bond are structured to occur annually, providing investors with a regular income stream over its long lifespan. This particular bond, therefore, presents an opportunity for investors seeking a high-yielding, long-term fixed-income asset within the Kenyan financial landscape, backed by the full faith and credit of the Republic of Kenya.