Kenya’s Eurobonds declined after Haron Sirma, the director of debt management for the treasury, cast doubt on plans to repurchase some of its dollar debt due next June. Investors appear wary of selling before the bonds mature, which led to a drop in Kenyan bonds to 87.99 cents to the USD and a yield increase to 11.23%. Moody’s warned that a below-par redemption could be treated as a default. There is a growing fear that Kenya might have to restructure its debt, following other African nations like Ghana and Zambia.