Today is your final chance to get involved in the IFB1/2023/17Yr TAP Sale. To help you submit your bid, attached is the prospectus with all the necessary details. The CBK has published the bond prospectus for April 2023. A busy auction ahead as the CBK has on offer three options, all re-openings, as summarized below:
FXD2/2018/10Yr (5.8 years): in a bid to secure KES 20Bn
FXD1/2022/03Yr (2.1 years) & FXD1/2019/15Yr (10.9 years): in a bid to secure KES 30bn
The auction will be held on separate dates within April as per the split above
Attached is the bond prospectus that all the necessary details of this auction
For your other trading activities for the day, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and last minute tapping!
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
13.80
13.70
0.03
10yr
14.20
14.10
0.00
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
12.60
12.00
0.00
IFB1/2017/12 (IFB12)
Feb-29
12.75
12.00
0.00
IFB1/2016/15 (IFB11)
Oct-31
13.50
13.00
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
13.75
13.60
0.00
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
13.05
0.00
IFB1/2023/17 (IFB28)
Feb-40
14.45
14.35
-0.03
Key Interest Rates
Mov (bps)
O/N Interbank
6.9053%
6.27
91 Day T-bill
9.780%
3.80
182 Day T-bill
10.285%
6.90
364 Day T-bill
10.777%
3.00
Inflation
9.23%
25.00
Attached are the bond positions available today, the IFB1/2023/17Yr Tap Sale Prospectus and the April 2023 Bond Auction prospectus.
