Dr. William Samoei Arap Ruto is the president-elect of Kenya after being declared the winner of the recently concluded national elections. He is the current deputy president of Kenya and this result brings to a close this electoral process that has definitely slowed things down. The real win, in my humble opinion, is that the process has been largely peaceful albeit a few regrettable flashpoints. Hoping we can all move on now and life returns to normal.
Back to market related matters, the sale period for this month’s bond auction closes today. Bids must be submitted at the Central Bank by 2.00PM. Below is an update to the expected averages of the three bonds being re-opened:
Attached is the prospectus for any additional information you may require when finalizing your bids. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and happy bidding!
Below are the two-way quotes for the benchmark tenors:
Below are details of the two-way quotes for the infrastructure bonds and the key rates:
Best,
Mathangani Kariuki
Tel: +254 (0) 732472655
Email: mathanganik@bespokesecurities.co.ke
Eikon Messenger: mathanganik@bespokesecurities.co.ke