Kenya Bond Market Update: 07 July 2022

Published on
July 7, 2022
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Last Chance to Tap

 
The Tap Sale of the IFB1/2022/18Yr closes today. Bids must be submitted at the Central Bank by 2.00 PM. Attached is the prospectus for any details you may require to assist in your bid submission. Away from this, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and last minute tapping!
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 10.20 10.00 0.00
2Yr 11.00 10.55 0.00
5Yr 12.50 12.20 0.00
10Yr 13.55 13.50 0.00
15Yr  13.95 13.80 0.00
20Yr 14.00 13.80 0.00
25Yr 14.00 13.80 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB Series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7 Nov-24 11.60 11.00 0.00
IFB1/2016/9 May-25 11.50 11.20 0.00
IFB1/2015/12 Mar-27 11.50 11.00 0.00
IFB1/2017/12 Feb-29 12.00 11.00 0.00
IFB1/2016/15 Oct-31 13.50 13.00 0.00
IFB1/2018/15 Jan-33 13.10 12.80 0.00
IFB1/2018/20 Oct-38 13.20 12.70 0.00
IFB1/2019/25 Feb-44 13.50 12.90 0.00
IFB1/2019/16 Oct-35 13.80 13.00 0.00
IFB1/2020/9 Apr-29 11.40 11.25 0.00
IFB1/2020/6 May-26  11.75 11.00 0.00
IFB1/2020/11 Aug-31 13.75 13.00 0.00
IFB1/2021/16 Jan-37 13.50 12.90 0.00
IFB1/2021/18 Mar-39 13.70 13.00 0.00
IFB1/2021/21 Aug-42 13.80 13.70 0.00
IFB1/2022/19 Jan-41 13.80 13.50 0.00
IFB1/2022/18 May-40 13.80 13.75 0.00
 
Key Interest Rates   Mov (bps)
O/N Interbank 5.8878% 7.26
91 Day T-bill 8.097% 8.40
182 Day T-bill 9.196% 3.30
364 Day T-bill 9.985% 1.10
Inflation 7.91% 81.00

 
Bond Positions Available Today
Bond Auction Prospectus - July 2022
Trade Now

MATHANGANI KARIUKI


Director | Bespoke Securities

Director, Interest Rates | AKN Investments


+254 (0) 732472655

Eikon Messenger: 
mathanganik@bespokesecurities.co.ke
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