Kenya Bond Market Update: 15-Aug-2023

Final Day – The sale-period of the new 2Yr, FXD1/2023/2Yr, and the re-opened 5Yr, FXD1/2023/5Yr, closes tomorrow (16-Aug-2023) and bids must be submitted at the CBK by 10.00 A.M EAT. My expectations for this auction remain as follows:

• FXD1/2023/2Yr: average between 17.25% – 17.35%
• FXD1/2023/5Yr (4.9 years left): average between 17.85% - 17.95%
• The bond prospectus is attached with all details required to submit your bids

For the day’s trading activities, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!

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

1. Bond Positions
2. Bond Action Prospectus for August 2023