The FXD1/2023/3Yr Tap-Sale closes today. Bids must be at the CBK by 2.00 P.M to avoid being locked out. Attached is the prospectus to assist in your bidding process. Attached as well are the results of this week’s T-bill auction for your perusal. The updated T-bill rates can be found in the tables below and in the attached pricelist. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and 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
11.75
11.25
0.00
2Yr
13.75
13.20
0.00
5yr
14.50
14.20
0.00
10yr
14.50
14.30
0.00
15yr
15.50
14.50
0.00
20yr
16.00
14.50
0.00
25yr
16.00
14.50
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
13.20
12.70
0.00
IFB1/2016/9 (IFB10)
May-25
13.20
12.60
0.00
IFB1/2015/12 (IFB8)
Mar-27
13.30
13.00
0.00
IFB1/2017/12 (IFB12)
Feb-29
13.80
13.00
0.00
IFB1/2016/15 (IFB11)
Oct-31
14.00
13.00
0.00
IFB1/2018/15 (IFB14)
Jan-33
14.50
14.10
0.00
IFB1/2018/20 (IFB15)
Oct-38
15.50
14.00
0.00
IFB1/2019/25 (IFB16)
Feb-44
16.00
14.00
0.00
IFB1/2019/16 (IFB17)
Oct-35
14.50
13.80
0.00
IFB1/2020/9 (IFB18)
Apr-29
13.75
13.50
0.00
IFB1/2020/6 (IFB19)
May-26
13.00
12.00
0.00
IFB1/2020/11 (IFB20)
Aug-31
14.50
14.10
0.00
IFB1/2021/16 (IFB21)
Jan-37
15.50
14.50
0.00
IFB1/2021/18 (IFB22)
Mar-39
15.50
14.50
0.00
IFB1/2021/21 (IFB23)
Aug-42
15.50
15.00
0.00
IFB1/2022/19 (IFB24)
Jan-41
15.50
14.50
0.00
IFB1/2022/18 (IFB25)
May-40
15.50
14.50
0.00
IFB1/2022/14 (IFB26)
Oct-36
15.50
14.50
0.00
IFB1/2022/6 (IFB27)
Nov-28
13.30
13.20
0.00
IFB1/2023/17 (IFB28)
Feb-40
15.50
14.50
0.00
IFB1/2023/7 (IFB29)
Jun-30
15.50
15.40
-0.10
Key Interest Rates
Mov (bps)
O/N Interbank
9.8536%
5.60
91 Day T-bill
11.785%
14.50
182 Day T-bill
11.863%
21.40
364 Day T-bill
11.934%
20.00
Central Bank Rate (CBR)
9.50%
0.00
Inflation
8.00%
10.00
Attached are the bond positions available today, T-bill auction results and the FXD1/2023/3Yr Tap Sale prospectus.
