No. The 7.25% is the effective rate per annum but LIBOR on USD borrowing which is the borrower currency stands at 2.4% p.a. It would be ideal for the borrowing to be rated 5% or lower as it is risk-free http://www.global-rates....-rates/libor/libor.aspx[/quote]

We did well despite the global rating downgrade, there was massive oversubscription.

So i guesss there will be a tax hike! 🤦🏾‍♂️

https://www.businessdail...16660-rx6shb/index.html

The two boys have finished us

https://www.businessdail...672-12m4sv2z/index.html


Kenya Power half-year profit drops 30.3pc as debt financing costs rise

Kenya Power’s net profit for the six months ended December 2017 dropped by 30.3 per cent to Sh2.93 billion, as the high cost of financing debt took a toll amid lethargic power consumption growth in a slowing economy.

Financing costs rose by 42.7 per cent or Sh976 million to hit Sh3.3 billion in the period pulling down profits even as the total revenue grew by 14.8 per cent to Sh67.1 billion.

“The decrease (in profit) was attributed to the general slowdown of the economy and an increase in financing costs…which rose during the period under review compared to the previous year as a result of utilisation of short term facilities,” said Kenya Power in a statement.

Kenya economy grew by 4.8% in 2017