Kenya Bond Market Update: 30 November 2023

Published on
November 30, 2023
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Bye-bye November

 
Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
Below are the two-way quotes for the benchmark tenors:
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 16.25 15.75 0.00
2Yr 18.50 17.75 0.35
5yr 19.00 18.50 0.40
10yr 17.00 16.50 0.00
15yr 16.50 16.00 0.00
20yr 16.50 16.00 0.00
25yr 16.50 16.00 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 15.50 15.00 0.00
IFB1/2016/9 (IFB10) May-25 15.50 15.00 0.00
IFB1/2015/12 (IFB8) Mar-27 13.80 13.70 0.00
IFB1/2017/12 (IFB12) Feb-29 16.00 15.00 0.00
IFB1/2016/15 (IFB11) Oct-31 16.00 15.50 0.00
IFB1/2018/15 (IFB14) Jan-33 15.50 15.00 0.00
IFB1/2018/20 (IFB15) Oct-38 15.50 15.00 0.00
IFB1/2019/25 (IFB16) Feb-44 16.50 16.00 0.00
IFB1/2019/16 (IFB17) Oct-35 15.50 15.20 0.00
IFB1/2020/9 (IFB18) Apr-29 14.75 14.50 0.00
IFB1/2020/6 (IFB19) May-26 13.50 12.75 0.00
IFB1/2020/11 (IFB20) Aug-31 15.50 15.00 0.00
IFB1/2021/16 (IFB21) Jan-37 16.00 15.50 0.00
IFB1/2021/18 (IFB22) Mar-39 16.00 15.50 0.00
IFB1/2021/21 (IFB23) Aug-42 16.50 16.00 0.00
IFB1/2022/19 (IFB24) Jan-41 16.50 15.50 0.00
IFB1/2022/18 (IFB25) May-40 16.50 15.50 0.00
IFB1/2022/14 (IFB26) Oct-36 16.50 15.50 0.00
IFB1/2022/6 (IFB27) Nov-28 13.70 13.30 0.00
IFB1/2023/17 (IFB28) Feb-40 16.50 15.50 0.00
IFB1/2023/7 (IFB29) Jun-30 16.20 15.90 0.00
IFB1/2023/6.5 (IFB30) May-30 17.90 17.75 0.00
 
Key  Interest Rates   Mov (bps)
O/N Interbank 11.0419% -24.30
91 Day T-bill 15.4426% 7.94
182 Day T-bill 15.4445% 1.64
364 Day T-bill 15.5828% -5.57
Central Bank Rate (CBR) 10.50% 0.00
Inflation 6.90% 10.00
 
Attached are the bond positions available today and the IFB1/2023/6.5Yr Tap Sale Prospectus.
 
Bond Positions
IFB1/2023/6.5Yr Tap Sale Prospectus
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