Kenya Bond Market Update: 15 March 2024

Published on
March 15, 2024
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Fri-Yay 

 
Below is a snapshot of what is at play within the secondary market for your consideration and attached are this week’s T-bill results for your perusal. Happy hunting and weekending ahead!
Below are the two-way quotes for the benchmark tenors: 
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 17.20 16.80 0.00
2Yr 18.40 18.00 0.00
5yr 18.60 18.20 0.00
10yr 17.00 16.50 0.00
15yr 16.50 16.00 0.00
20yr 16.50 16.00 0.00
25yr 16.50 16.00 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 15.75 15.50 0.00
IFB1/2016/9 (IFB10) May-25 15.85 15.75 0.00
IFB1/2015/12 (IFB8) Mar-27 14.50 14.00 0.00
IFB1/2017/12 (IFB12) Feb-29 16.00 15.00 0.00
IFB1/2016/15 (IFB11) Oct-31 16.00 15.50 0.00
IFB1/2018/15 (IFB14) Jan-33 15.50 15.00 0.00
IFB1/2018/20 (IFB15) Oct-38 16.50 16.00 0.00
IFB1/2019/25 (IFB16) Feb-44 16.50 16.00 0.00
IFB1/2019/16 (IFB17) Oct-35 15.50 15.20 0.00
IFB1/2020/9 (IFB18) Apr-29 14.75 14.50 0.00
IFB1/2020/6 (IFB19) May-26 13.50 12.75 0.00
IFB1/2020/11 (IFB20) Aug-31 17.50 16.75 0.00
IFB1/2021/16 (IFB21) Jan-37 17.00 16.00 0.00
IFB1/2021/18 (IFB22) Mar-39 17.00 16.00 0.00
IFB1/2021/21 (IFB23) Aug-42 17.00 16.00 0.00
IFB1/2022/19 (IFB24) Jan-41 17.00 16.50 0.00
IFB1/2022/18 (IFB25) May-40 17.00 16.50 0.00
IFB1/2022/14 (IFB26) Oct-36 17.00 16.50 0.00
IFB1/2022/6 (IFB27) Nov-28 17.00 16.00 0.00
IFB1/2023/17 (IFB28) Feb-40 16.50 16.00 0.00
IFB1/2023/7 (IFB29) Jun-30 16.50 16.00 0.00
IFB1/2023/6.5 (IFB30) May-30 17.00 16.90 0.00
IFB1/2024/8.5 (IFB31) Aug-32 17.10 17.00 0.05
 
 
Key Interest Rates   Mov (bps)
O/N Interbank 13.2657% 5.68
91 Day T-bill 16.6976% 3.79
182 Day T-bill 16.8900% 4.23
364 Day T-bill 16.9889% 0.44
Central Bank Rate (CBR) 13.00% 50.00
Inflation 6.60% -30.00
 
Attached are the bond positions available today and T-bill auction results from this week and the March bond auction prospectus.
Bond Positions
T-bill Auction Results
March Bond Auction Prospectus
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