Kenya Bond Market Update: 15-Jun-2023

Published on
November 29, 2023

Big Wow! – A bit late with the note today, my apologies. The IFB1/2023/7Yr auction results came in hot yesterday with the market flexing its muscles and the CBK flexing its appetite. The numbers in play blew my mind. Below is a quick summary:

·         Bids: KES 220.518Bn in bids received with 213.399Bn in bids accepted

·         Average: 15.837%

Away from this spectacular auction, 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 and the IFB1/2023/7Yr auction results.

  1. Bond Positions
  2. IFB1/2023/7Yr