Kenya Bond Market Update: 12-Oct-2023

Published on
November 29, 2023

Results Time – A dismal showing at this month’s primary auction, carrying on from the poor showing in the Tap Sale conducted in September. Below is a quick summary of how the bond auction played out:

·         FXD1/2023/2Yr: Average of 17.7358% on the back of KES 4.825Bn in bids accepted out of KES 6.506Bn in bids received

·         FXD1/2023/5Yr: Average of 17.9919% on the back of KES 1.481Bn in bids accepted out of KES 5.791Bn in bids received

·         Subscription: KES 6.306Bn in bids accepted from a total of KES 12.298Bn in bids received. Significantly undersubscribed as the target set was KES 35Bn

·         Attached are the results in full for your perusal.

Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!

Kenya Bond Updates

Attached are the bond positions available today and the bond auction results of the re-opened FXD1/2023/2Yr & FXD1/2023/5Yr.

  1. Bond Positions
  2. Bond Auction Results(re-opened FXD1/2023/2Yr & FXD1/2023/5Yr)

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