Results Are In
The bond auction results are with us and a quick summary can be found below:
- FXD1/2022/10Yr: average of 13.490% on the back of KES 28.675Bn in bids being accepted from a total of KES 32.893Bn in bids received
- FXD1/2021/25Yr: average of 13.976% on the back of KES 3.064Bn in bids being accepted from a total of KES 10.225Bn in bids received
- Subscription: KES 31.739Bn in bids accepted from a total of KES 43.118Bn in bids received. This represents a significant under-subscription as it is well short of the KES 60Bn target set by the Central Bank
Attached are the results in full for any more information you may require. For the rest of your plays, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
|
|
| Indicative Two-Way Quotes - Benchmark Tenors |
| Benchmark Tenor |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
| 1Yr |
10.00 |
9.70 |
0.00 |
| 2Yr |
11.00 |
10.55 |
0.00 |
| 5Yr |
12.00 |
11.85 |
0.00 |
| 10Yr |
13.55 |
13.40 |
0.73 |
| 15Yr |
13.90 |
13.85 |
0.00 |
| 20Yr |
14.00 |
13.80 |
0.00 |
| 25Yr |
14.00 |
13.90 |
0.05 |
|
|
| Indicative Two-Way Quotes - IFB Series |
| IFB series |
Maturity |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
IFB1/2017/7
(IFB13) |
Nov-24 |
11.00 |
10.00 |
0.00 |
IFB1/2016/9
(IFB10) |
May-25 |
11.00 |
10.50 |
0.00 |
IFB1/2015/12
(IFB8) |
Mar-27 |
11.00 |
10.00 |
0.00 |
IFB1/2017/12
(IFB12) |
Feb-29 |
11.00 |
10.60 |
0.00 |
IFB1/2016/15
(IFB11) |
Oct-31 |
12.60 |
12.50 |
0.00 |
IFB1/2018/15
(IFB14) |
Jan-33 |
12.50 |
12.25 |
0.00 |
IFB1/2018/20
(IFB15) |
Oct-38 |
12.90 |
12.50 |
0.00 |
IFB1/2019/25
(IFB16) |
Feb-44 |
13.00 |
12.50 |
0.00 |
IFB1/2019/16
(IFB17) |
Oct-35 |
12.90 |
12.50 |
0.00 |
IFB1/2020/9
(IFB18) |
Apr-29 |
11.40 |
11.25 |
0.00 |
IFB1/2020/6
(IFB19) |
May-26 |
11.30 |
10.75 |
0.00 |
IFB1/2020/11
(IFB20) |
Aug-31 |
12.60 |
12.50 |
0.00 |
IFB1/2021/16
(IFB21) |
Jan-37 |
12.95 |
12.85 |
0.00 |
IFB1/2021/18
(IFB22) |
Mar-39 |
13.05 |
12.95 |
0.07 |
IFB1/2021/21
(IFB23) |
Aug-42 |
13.05 |
12.95 |
0.07 |
IFB1/2022/19
(IFB24) |
Jan-41 |
13.15 |
13.05 |
0.00
|
|
|
| Key Interest Rates |
|
Mov (bps) |
| O/N Interbank |
4.7321% |
7.22 |
| 91 Day T-bill |
7.580% |
8.30 |
| 182 Day T-bill |
8.542% |
8.40 |
| 364 Day T-bill |
9.840% |
6.40 |
| Inflation |
6.47% |
91.00 |
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