Kenya Bond Market Update: 12-Sep-2023

Last Call for Bids – The sale period for this month’s bond auction ends tomorrow morning. Bids must be submitted by 10.00 AM EAT. Below are my updated expectations of how these papers will perform:

• FXD1/2023/2Yr (1.9 years left): average within the 16.95% - 17.00% range. Cut-off to come in at 17.00%
• FXD1/2016/10Yr (2.9 years left): average within the 17.40% - 17.50% range. Cut-off to come in at 17.50%
• Subscription: Oversubscription

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

Attached are the bond positions available today and the Bond Auction Prospectus for September 2023.

1. Bond Positions
2. Bond Auction Prospectus

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