Kenya Bond Market Update: 09-Nov-2023

Published on
November 29, 2023

Successful Auction – The CBK managed to surpass its target for the new infrastructure bond sale, the IFB1/2023/6.5Yr. A quick summary of the results is below:

·         Average: 17.9327%

·         Subscription: KES 88.899Bn in bids received. Out of this, KES 67.056Bn in bids was accepted, surpassing the KES 50Bn set.

·         Commentary: KES 32.758Bn in non-competitive bids was submitted highlighting the increased participation of the retail segment of the bond market, especially when it comes to infrastructure bonds.

·         Attached are the results in full for your perusal.

Below is a snapshot of what is at play within the secondary market post these auction results. Happy hunting!

Kenya Bond Updates

Attached are the bond positions available today and the IFB1/2023/6.5Yr auction results.

  1. Bond Positions
  2. IFB1/2023/6.5Yr Auction Results

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