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View this email in your browser It’s The Final Countdown Bids for the switch-bond auction, offering the IFB1/2022/6Yr, must be submitted by 2.00 P.M. For a quick recap, my expectations of how things will go remain as follows: Average: 13.20% - 13.30% Potential cut-off: 13.50% Subscription: 80 – 90% of the targeted amount Attached is the prospectus for all details of this auction For your trading activities ahead, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and bidding!   Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 10.25 9.90 0.00 2Yr 11.75 11.00 0.00 5yr 13.40 13.10 0.00 10yr 13.95 13.80 0.00 15yr 14.00 13.80 0.00 20yr 14.10 13.90 0.00 25yr 14.30 14.00 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 12.00 11.45 0.00 IFB1/2016/9 (IFB10) May-25 12.00 11.45 0.00 IFB1/2015/12 (IFB8) Mar-27 12.20 12.00 0.00 IFB1/2017/12 (IFB12) Feb-29 12.00 11.00 0.00 IFB1/2016/15 (IFB11) Oct-31 13.20 12.70 0.00 IFB1/2018/15 (IFB14) Jan-33 13.60 13.20 0.00 IFB1/2018/20 (IFB15) Oct-38 13.80 13.50 0.00 IFB1/2019/25 (IFB16) Feb-44 14.00 12.90 0.00 IFB1/2019/16 (IFB17) Oct-35 13.70 13.50 0.00 IFB1/2020/9 (IFB18) Apr-29 13.00 12.70 0.00 IFB1/2020/6 (IFB19) May-26 12.30 12.00 0.00 IFB1/2020/11 (IFB20) Aug-31 13.20 12.80 0.00 IFB1/2021/16 (IFB21) Jan-37 13.75 13.50 0.00 IFB1/2021/18 (IFB22) Mar-39 13.85 13.20 0.00 IFB1/2021/21 (IFB23) Aug-42 14.00 13.30 0.00 IFB1/2022/19 (IFB24) Jan-41 13.90 13.30 0.00 IFB1/2022/18 (IFB25) May-40 13.80 13.45 0.00 IFB1/2022/14 (IFB26) Oct-36 13.95 13.85 0.00     Key  Interest Rates   Mov (bps) O/N Interbank 5.1097% 5.48 91 Day T-bill 9.237% 4.60 182 Day T-bill 9.733% 1.20 364 Day T-bill 10.219% 3.80 Inflation 9.59% 41.00   Attached are the bond positions available today, the IFB1/2022/6Yr (switch-bond) prospectus, and the December bond auction prospectus. Bond Positions Available Today IFB1/2022/6Yr (switch-bond) December Bond Auction Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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