Kenya Bond Market Update: 09-Mar-2023

Published on
April 21, 2023

Results Thursday – The auction results for the IFB1/2023/17Yr are with us and a quick summary of how things went is below:

  • Accepted Average: 14.399%, which is the bond’s coupon rate.
  • Subscription: KES 50.877Bn in bids accepted out of a total of KES 59.722Bn in bids submitted. The CBK therefore managed to lock in their targeted amount.

As  the market absorbs these results and waits to see CBK’s next move, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!

Below are the two-way quotes for the benchmark tenors:

Indicative Two-Way Quotes - Benchmark Tenors

Below are details of the two-way quotes for the infrastructure bonds and the key rates:

Indicative Two-Way Quotes - IFB Series

Attached are the bond positions available today and the auction results of the IFB1/2023/17Yr.

  1. Bond Positions
  2. IFB1/2023/17Yr Auction Results