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Kenya’s bonds fall after Odinga formally challenges election results – Tradeweb data

Kenya’s bonds fall after Odinga formally challenges election results – Tradeweb data

KENYA'S Eurobonds fell after veteran opposition leader Raila Odinga formally challenged the results of this month's presidential election at the country's Supreme Court. The country's dollar-denominated government bonds were down as much as 2 cents on the dollar at 1318 GMT, with the 2048 maturity trading at 68.5 cents, according to Tradeweb data. Last week, Kenya's election commission declared Deputy President William Ruto had won the election against Odinga by a slim 50.49%-48.5% margin, but four out of seven election commissioners dissented, saying the tallying of results had not been transparent. "We take some comfort that nobody in Kenya is…
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