Kenya Bond Market Update: 08-May-2023

Published on
May 22, 2023

Auction Week – The new 3Yr bond, FXD1/2023/3Yr, closes tomorrow. As we prepare our bids, below are my expectations:

  • Average: 13.90% - 13.95% range
  • Subscription: Bid volumes to reach the KES 20Bn target set by the CBK

To get this new week going, 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.

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 auction 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 and the FXD1/2023/3Yr Bond Prospectus.

  1. Bond Position
  2. NSE Implied Yields
  3. CBK Weekly Report
  4. FXD1/2023/3Yr