Kenya

In Kenya, police dispersed protesters with teargas in major cities, leading to closures in business districts. This unrest resulted in an undersubscription of Kenya T-Bonds, with only KES 14.7 bln raised against a KES 30 bln target. The weighted average rates for accepted bids were 16.59% for a reissued 10-year bond and 18.29% for a reopened 20-year bond.