No Thirst Thursday
The CBK accepted a small portion of the bids received in the just concluded and undersubscribed bond auction. This has been interpreted as a signal to the market that they will not be held hostage especially for longer dated bonds issued. Below is a summary of the auction results:
- FXD1/2021/5Yr (4.7 years): average of 11.997% from KES 8.294Bn in bids accepted out of KES 9.212Bn in bids received.
- FXD1/2020/15Yr (12.9 years): average of 13.732% from KES 6.216Bn in bids accepted out of KES 9.136Bn in bids received.
- FXD1/2021/25Yr (24.2 years): average of 13.973% from KES 3.942Bn in bids accepted out of KES 22.601Bn in bids received.
A total of KES 40.949Bn in bids was received, falling short of the KES 50Bn target. KES 18.453Bn was accepted as the CBK rejected a large portion of the bids received. Attached are the results in full for your perusal.
For your trading activities ahead, below is a snapshot of the secondary market with all that is available for your consideration. Happy hunting!