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View this email in your browser Some IFB with your TAP? The CBK has offered a new Infrastructure Bond, IFB1/2023/17Yr, for the March 2023 bond auction. The CBK is targeting KES 50Bn from this auction and attached is the prospectus for all details to assist you in preparing your bids. The TAP Sale remains in play this week, and the prospectus to this TAP Sale is attached as well. Away from this, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting, tapping and bidding!   Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 11.00 10.50 0.00 2Yr 12.80 12.50 0.00 5yr 13.90 13.70 0.00 10yr 14.20 14.17 0.02 15yr 14.20 14.00 0.00 20yr 14.10 13.90 0.00 25yr 14.35 14.20 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 12.50 12.00 0.00 IFB1/2016/9 (IFB10) May-25 12.50 12.00 0.00 IFB1/2015/12 (IFB8) Mar-27 12.50 12.00 0.00 IFB1/2017/12 (IFB12) Feb-29 12.80 12.00 0.00 IFB1/2016/15 (IFB11) Oct-31 13.20 12.70 0.00 IFB1/2018/15 (IFB14) Jan-33 13.60 13.20 0.00 IFB1/2018/20 (IFB15) Oct-38 13.80 13.50 0.00 IFB1/2019/25 (IFB16) Feb-44 14.00 12.90 0.00 IFB1/2019/16 (IFB17) Oct-35 13.70 13.50 0.00 IFB1/2020/9 (IFB18) Apr-29 13.20 12.70 0.00 IFB1/2020/6 (IFB19) May-26 12.30 12.00 0.00 IFB1/2020/11 (IFB20) Aug-31 13.50 13.00 0.00 IFB1/2021/16 (IFB21) Jan-37 13.80 13.70 0.10 IFB1/2021/18 (IFB22) Mar-39 13.85 13.60 0.00 IFB1/2021/21 (IFB23) Aug-42 14.20 13.80 0.00 IFB1/2022/19 (IFB24) Jan-41 13.90 13.50 0.00 IFB1/2022/18 (IFB25) May-40 13.80 13.70 0.00 IFB1/2022/14 (IFB26) Oct-36 13.80 13.70 0.00 IFB1/2022/6 (IFB27) Nov-28 13.20 13.15 0.00   Key  Interest Rates   Mov (bps) O/N Interbank 6.1836% 4.56 91 Day T-bill 9.601% 2.00 182 Day T-bill 10.042% 4.50 364 Day T-bill 10.603% 5.30 Inflation 8.98% -8.00     Attached are the bond positions available today, TAP Sale Prospectus for the FXD1/2017/10Yr & FXD1/2023/10Yr and the IFB1/2023/17Yr Bond Prospectus. Bond Positions Available Today FXD1/2017/10Yr & FXD1/2023/10Yr IFB1/2023/17Yr Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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