Kenya Bond Market Update: 03-Apr-2023

Published on
April 21, 2023

Happy New Month – It’s an auction week and we have the FXD2/2018/10Yr (5.8 years) in play. The sale period for this bond closes tomorrow and my expectations for this bond remain as below:

  • Average: 14.05% - 14.15%
  • Subscription: An under-subscription is expected
  • Attached is the bond prospectus for all the information required

For your activity away from the primary, attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are ready for your perusal on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the treasuries and inflation data for March 2023.

To bring it all together, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and best wishes for the month ahead!

Below are the two-way quotes for the benchmark tenors, two-way quotes for the infrastructure bonds and the key rates:

Kenya Bond Market

Attached are the bond positions available today, the NSE Implied Yields, the CBK Weekly Report, the inflation data for February 2023 and the April 2023 Bond Auction prospectus.

  1. Bond positions
  2. NSE Implied Yields
  3. CBK Weekly Report
  4. Inflation data for February 2023
  5. April 2023 Bond Auction