Kenya Bond Market Update: 12-Sep-2023

Published on
November 29, 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!

Kenya Bonda Markets

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

  1. Bond Positions
  2. Bond Auction Prospectus

Previous Bonds