That first Tap must have been so good, the CBK has brought back the FXD1/2023/3Yr via another Tap-Sale in a bid to secure KES 20Bn. The sale-period is short once again as it closes tomorrow, 26-May-2023, or upon attainment of KES 20Bn. Attached is the prospectus for all the required details. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and tap-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
14.20
14.00
0.00
10yr
14.30
14.10
0.00
15yr
14.60
14.30
0.00
20yr
14.75
14.40
0.00
25yr
14.75
14.40
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
13.00
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
14.30
14.10
0.00
IFB1/2018/20 (IFB15)
Oct-38
14.40
14.00
0.00
IFB1/2019/25 (IFB16)
Feb-44
14.50
14.00
0.00
IFB1/2019/16 (IFB17)
Oct-35
14.20
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
14.20
14.00
0.00
IFB1/2021/16 (IFB21)
Jan-37
14.50
14.00
0.00
IFB1/2021/18 (IFB22)
Mar-39
14.50
14.00
0.00
IFB1/2021/21 (IFB23)
Aug-42
15.00
14.50
0.25
IFB1/2022/19 (IFB24)
Jan-41
14.30
14.00
0.00
IFB1/2022/18 (IFB25)
May-40
14.30
14.00
0.00
IFB1/2022/14 (IFB26)
Oct-36
14.30
14.00
0.00
IFB1/2022/6 (IFB27)
Nov-28
13.30
13.20
0.00
IFB1/2023/17 (IFB28)
Feb-40
14.50
14.35
-0.05
Key Interest Rates
Mov (bps)
O/N Interbank
9.2395%
-0.27
91 Day T-bill
10.518%
10.80
182 Day T-bill
10.978%
12.50
364 Day T-bill
11.390%
12.00
Central Bank Rate (CBR)
9.50%
75.00
Inflation
7.90%
-129.00
Attached are the bond positions available today and the Tap-Sale prospectus for the FXD1/2023/3Yr.
