Kenya Bond Market Update: 17 May 2022

Published on
May 17, 2022
*|MC:SUBJECT|*
View this email in your browser

Tap-Tap Tuesday


The CBK has just announced that they will be seeking KES 10Bn from a Tap Sale of the recently auctioned FXD1/2022/10Yr and FXD1/2021/25Yr. Attached is the prospectus with all the required information. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and tapping!
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 10.00 9.70 0.00
2Yr 11.00 10.55 0.00
5Yr 12.00 11.85 0.00
10Yr 13.55 13.40 0.00
15Yr  13.90 13.85 0.00
20Yr 14.00 13.80 0.00
25Yr 14.00 13.90 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 11.00 10.00 0.00
IFB1/2016/9
(IFB10)
May-25 11.00 10.50 0.00
IFB1/2015/12
(IFB8)
Mar-27 11.00 10.00 0.00
IFB1/2017/12
(IFB12)
Feb-29 11.00 10.60 0.00
IFB1/2016/15
(IFB11)
Oct-31 12.60 12.50 0.00
IFB1/2018/15
(IFB14)
Jan-33 13.00 12.80 0.15
IFB1/2018/20
(IFB15)
Oct-38 12.90 12.50 0.00
IFB1/2019/25
(IFB16)
Feb-44 13.00 12.50 0.00
IFB1/2019/16
(IFB17)
Oct-35 12.90 12.50 0.00
IFB1/2020/9
(IFB18) 
Apr-29 11.40 11.25 0.00
IFB1/2020/6
(IFB19)
May-26 11.30 10.75 0.00
IFB1/2020/11
(IFB20)
Aug-31 13.00 12.50 0.00
IFB1/2021/16
(IFB21)
Jan-37 13.00 12.85 0.00
IFB1/2021/18
(IFB22)
Mar-39 13.05 12.95 0.00
IFB1/2021/21
(IFB23)
Aug-42 13.05 12.95 0.00
IFB1/2022/19
(IFB24)
Jan-41 13.20 13.10
0.05
 
Key Interest Rates   Mov (bps)
O/N Interbank 4.4921% 14.94
91 Day T-bill 7.683% 10.30
182 Day T-bill 8.722% 18.00
364 Day T-bill 9.860% 2.00
Inflation 6.47% 91.00

 
Bond Positions Available Today
Tap Sale Prospectus - May 2022
Trade Now

MATHANGANI KARIUKI


Director | Bespoke Securities

Director, Interest Rates | AKN Investments


+254 (0) 732472655

Eikon Messenger: 
[email protected]
View Previous Market Updates
Share Share
Tweet Tweet
Share Share
Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.






This email was sent to *|EMAIL|*
why did I get this?    unsubscribe from this list    update subscription preferences
*|LIST:ADDRESSLINE|*

*|REWARDS|*