Three important updates from the CBK and below is a quick summary of these updates:
- IFB1/2022/14Yr Tap Sale Results: an oversubscribed Tap-Sale totaling KES 19.136Bn, with the CBK accepting all the bids received. Attached are these results for your perusal.
- December Bond Auction Prospectus: the CBK will be re-opening both the FXD1/2008/20Yr and the FXD1/2022/25Yr in a bid to secure KES 40Bn. Attached is the prospectus for all details related to this auction.
- Bond Switch: proposal in play to issue a new Infrastructure Bond, the IFB1/2022/6Yr, for KES 87.8Bn, to roll-over T-Bond and T-Bill maturities due on 09-Jan-2023. Only holders of debt maturing on 09-Jan-2023 will be eligible to participate in this IFB1/2022/6Yr auction. The sale period closes on 30-Nov-2022. The prospectus for this bond is attached for your perusal.
Away from this, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!