Kenya Bond Market Update: 16 November 2022

Published on

November 16, 2022

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Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting today!

Below are the two-way quotes for the benchmark tenors:

Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor	Bid (%)	Offer (%)	Mov (t-t0)%
1Yr	10.20	9.90	0.00
2Yr	11.75	11.00	0.00
5yr	13.40	13.10	0.00
10yr	13.95	13.80	0.00
15yr	14.00	13.80	0.00
20yr	14.10	13.90	0.00
25yr	14.20	14.05	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	12.00	11.45	0.00
IFB1/2016/9 (IFB10)	May-25	12.00	11.45	0.00
IFB1/2015/12 (IFB8)	Mar-27	12.20	12.00	0.00
IFB1/2017/12 (IFB12)	Feb-29	12.00	11.00	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	13.00	12.70	0.00
IFB1/2020/6 (IFB19)	May-26	12.30	12.00	0.00
IFB1/2020/11 (IFB20)	Aug-31	13.20	12.80	0.00
IFB1/2021/16 (IFB21)	Jan-37	13.75	13.50	0.00
IFB1/2021/18 (IFB22)	Mar-39	13.85	13.20	0.00
IFB1/2021/21 (IFB23)	Aug-42	14.00	13.30	0.00
IFB1/2022/19 (IFB24)	Jan-41	13.90	13.30	0.00
IFB1/2022/18 (IFB25)	May-40	13.80	13.45	0.00
IFB1/2022/14 (IFB26)	Oct-36	13.90	13.80	-0.01

Attached are the bond positions available today and prospectus for the TAP Sale available from today on the recently issued IFB1/2022/14Yr.

Bond Positions Available Today

TAP Sale Prospectus

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