The IFB1/2022/006Yr auction takes place this week. Only holders of debt maturing on 09-Jan-2023 will be eligible to participate in this auction. The sale period closes on 30-Nov-2022. My expectations of how things will go are as follows:
- Average: 13.20% - 13.25%
- Potential cut-off: 13.50%
- Subscription: 80 – 90% of the targeted amount
- Attached is the prospectus for all details of this auction
Attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are ready for your perusal on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the treasuries. To bring it all together, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and best wishes for the week ahead!