Kenya Bond Market Update: 30-May-2023

Published on
November 29, 2023

The CBK has released the prospectus of a new infrastructure bond, IFB1/2023/7Yr, that will be auctioned in June. The CBK will be seeking KES 60Bn and attached is the prospectus for all details pertaining to this auction. The Monetary Policy Committee (MPC) of the Central Bank met yesterday and decided to retain the Central Bank Rate (CBR) at 9.50%. This decision was reached as the MPC noted the impact of the further tightening of monetary policy undertaken in March 2023 to anchor inflationary expectations was still transmitting in the economy. Attached is the statement from the MPC for further details to how this decision was reached.

For your trading activities today, 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, the MPC Press Release Statement and the IFB1/2023/7Yr bond prospectus.

  1. Bond Positions
  2. MPC Press Release Statement
  3. FXD1/2023/3Yr