Another chance from the CBK to Tap the FXD1/2023/3Yr as they look to secure KES 20Bn. The sale-period closes today so please have your bids at the CBK by the 2.00 P.M deadline. Attached is the prospectus for all the required details. Attached as well are the T-bill results from this week’s auction. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting, tapping and weekending!
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
0.00
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
0.00
Key Interest Rates
Mov (bps)
O/N Interbank
9.2497%
1.02
91 Day T-bill
10.832%
31.40
182 Day T-bill
11.113%
13.50
364 Day T-bill
11.457%
6.70
Central Bank Rate (CBR)
9.50%
75.00
Inflation
7.90%
-129.00
Attached are the bond positions available today, the T-bill auction results and the Tap-Sale prospectus for the FXD1/2023/3Yr.
