Tap and More!
The Central Bank is back with more goodies for the market as they continue in their quest to lock in more funding. There is a Tap Sale in play for the recently re-opened FXD1/2020/5Yr and FXD1/2022/15Yr in a bid to secure KES 10Bn. The sale period is short as it closes on Friday, 20-Jan-2023, or upon attainment of the KES 10Bn, whichever comes first. With a target of KES 50Bn for the February bond auction, the CBK has re-opened the FXD1/2017/10Yr and has on offer a new 10Yr, FXD1/2023/10Yr. Attached are details to both the Tap Sale and the February bond auction for your perusal as you prepare to submit your bids.
Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!