Kenya Bond Market Update: 06 July 2023

Published on
July 6, 2023
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Thirsty Thursday

 
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:
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 12.50 12.00 0.00
2Yr 13.75 13.20 0.00
5yr 14.50 14.20 0.00
10yr 14.70 14.30 0.00
15yr 15.50 14.50 0.00
20yr 16.00 14.50 0.00
25yr 16.00 14.50 0.00
 

Below are details of the two-way quotes for the infrastructure bonds and the key rates:
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7 (IFB13) Nov-24 12.60 12.00 -0.65
IFB1/2016/9 (IFB10) May-25 13.20 12.60 0.00
IFB1/2015/12 (IFB8) Mar-27 13.30 13.00 0.00
IFB1/2017/12 (IFB12) Feb-29 13.80 13.00 0.00
IFB1/2016/15 (IFB11) Oct-31 14.00 13.00 0.00
IFB1/2018/15 (IFB14) Jan-33 14.50 14.10 0.00
IFB1/2018/20 (IFB15) Oct-38 15.50 14.00 0.00
IFB1/2019/25 (IFB16) Feb-44 16.50 15.00 0.75
IFB1/2019/16 (IFB17) Oct-35 14.50 13.80 0.00
IFB1/2020/9 (IFB18) Apr-29 13.75 13.50 0.00
IFB1/2020/6 (IFB19) May-26 13.00 12.00 0.00
IFB1/2020/11 (IFB20) Aug-31 14.50 14.10 0.00
IFB1/2021/16 (IFB21) Jan-37 15.50 14.50 0.00
IFB1/2021/18 (IFB22) Mar-39 15.70 14.50 0.00
IFB1/2021/21 (IFB23) Aug-42 16.50 15.00 0.75
IFB1/2022/19 (IFB24) Jan-41 15.50 14.50 0.00
IFB1/2022/18 (IFB25) May-40 15.50 14.50 0.00
IFB1/2022/14 (IFB26) Oct-36 15.50 14.50 0.00
IFB1/2022/6 (IFB27) Nov-28 13.30 13.20 0.00
IFB1/2023/17 (IFB28) Feb-40 15.50 14.50 0.00
IFB1/2023/7 (IFB29) Jun-30 15.55 15.40 -0.02
 
 
Key  Interest Rates   Mov (bps)
O/N Interbank 9.7669% -11.28
91 Day T-bill 11.904% 11.90
182 Day T-bill 11.947% 8.40
364 Day T-bill 12.157% 22.30
Central Bank Rate (CBR) 10.50% 100.00
Inflation 7.90% -10.00
 
Attached are the bond positions available today and the bond prospectus for July 2023.
 
Bond Positions
Bond Prospectus for July 2023
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