Kenya Bond Market Update: 22 February 2023

Published on
February 22, 2023
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Wednesday Wish-list


For all your fixed income-related wishes, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
 
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 13.90 13.75 0.02
10yr 14.25 14.10 -0.01
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 12.50 12.00 0.00
IFB1/2017/12 (IFB12) Feb-29 12.80 12.00 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 13.20 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 13.80 13.70 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 13.15 0.00
 
Key  Interest Rates   Mov (bps)
O/N Interbank 6.3026% 3.26
91 Day T-bill 9.623% 2.20
182 Day T-bill 10.079% 3.70
364 Day T-bill 10.638% 3.50
Inflation 8.98% -8.00
 
 
Attached are the bond positions available today and the IFB1/2023/17Yr Bond Prospectus.
Bond Positions Available Today
IFB1/2023/17Yr
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