Kenya Bond Market Update: 18 May 2022

Published on
May 18, 2022
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Hump Day


The Tap Sale is still on until Friday or when the targeted amount is reached, whichever comes earlier. Attached is the prospectus with all the required information to assist in your decision making. 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  13.95 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 11.50 10.50 0.00
IFB1/2016/9
(IFB10)
May-25 11.50 10.50 0.00
IFB1/2015/12
(IFB8)
Mar-27 11.50 10.50 0.00
IFB1/2017/12
(IFB12)
Feb-29 11.50 10.60 0.00
IFB1/2016/15
(IFB11)
Oct-31 12.60 12.50 0.00
IFB1/2018/15
(IFB14)
Jan-33 13.10 12.80 0.00
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 12.80 11.50 0.20
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 13.10 12.95 0.02
IFB1/2021/21
(IFB23)
Aug-42 13.10 13.05 0.00
IFB1/2022/19
(IFB24)
Jan-41 13.20 13.10
0.00
 
Key Interest Rates   Mov (bps)
O/N Interbank 4.5140% 2.10
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]
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