Kenya Bond Market Update: 12-Apr-2023

Published on
April 21, 2023

The Tap Sequel – The Central Bank of Kenya (CBK), in all their generosity, has once again given the market the opportunity to stack up on their IFB1/2023/17Yr holdings by offering an additional KES 10Bn via a Tap-Sale. The Tap-Sale closes on Friday, 14-April-2023 or upon the attainment of the quantum, whichever comes first. Attached is the Tap-Sale prospectus for all the required information to enable you to participate. The CBK still has on offer this month’s final two re-opened bonds, the FXD1/2022/3yr (2.0 years) and the FXD1/2019/15Yr (10.9 years) in a bid to lock in KES 30Bn. Attached is the bond prospectus to assist you in preparing your bids.

For your secondary market activity, 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, two-way quotes for the infrastructure bonds and the key rates:

Kenya Bond Market

Attached are the bond positions available today, the IFB1/2023/17Yr Tap-Sale Prospectus and the April 2023 Bond Auction prospectus.

  1. Bond Positions
  2. IFB1/2023/17Y
  3. April 2023 Bond Auction