Kenya Bond Market Update: 11-Jul-2023

Published on
November 29, 2023

The sale period for this month’s bond auction closes today. Bids must be placed at the CBK by 2.00 PM EAT. My last-minute updated expectations for this auction are as follows:

  • FXD1/2016/10Yr (3.2 years left): average between 16.10% – 16.30%
  • FXD1/2023/5Yr: average between 16.20% - 16.40%
  • Subscription: Oversubscription

Away from the primary auction, below is a snapshot of what is at play within the secondary market for your consideration. Happy bidding and hunting!

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

Kenya Bond Updates

Attached are the bond positions available today and the bond prospectus for July 2023.

  1. Bond Positions
  2. Bond Prospectus for July 2023