The share price responding accordingly.

Most expensive share in the NSE on a PE basis (30). I wonder why people are willing to buy EABL when better value can be found in other shares.

When the Kenyan economy and their sales starts growing double digits with no hikes in taxes and levies for EABL products

Why lend to EABL at 12% when you can lend the government at 13%? Ours is a strange market.

One can buy the 20 year bond, and then sell it after 5 years with little erosion on yield. And bear in mind the infrastucture 20 year bond is a 13% tax free while the yield on EABL one after tax is 10.2%

The latest IFB yields a tax free 12.7%. Bond prices fall if yields rise, there is little likelihood of the interest rate rising above 12.7% in the next 5 years given the liquidity in the market – bank lending to the government has ramped up as they try to minimize risk.
12.7% interest free lent to the government is much superior to 10.2% lent to a corporate that cant seem to wean itself off debt.

And is GoK weaning itself of debt?

Government cant simply print or tax us to smithereens to repay their debt. EABL does not have this option.

Printing money 💵 has serious ramifications.
The additional tax measures they are coming up with,are they hitting the targets in terms of collections.

Probability of EABL defaulting in interest payments and principal repayments is zero