Kenya Bond Market Update: 04-Apr-2023

Published on
April 21, 2023

Auction Time – Last call for all bids for the FXD2/2018/10Yr (5.8 years). The sale period for this bond closes today and bids must be submitted at the CBK by 2.00PM EAT. 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 secondary market activity, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and good luck with this week’s auction!

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 and the April 2023 Bond Auction prospectus.

  1. Bond Positions
  2. April 2023 Bond Auction