The Last Auction
The results of the re-opened FXD1/2008/20Yr and the FXD1/2022/25Yr bonds are with us and below is a quick summary of how things went:
- FXD1/2008/20Yr (5.6 years): average of 13.830% on the back of KES 17.265Bn in bids accepted from a total of KES 17.322Bn received
- FXD1/2022/25Yr (24.9 years): average of 14.439% on the back of KES 7.068Bn in bids accepted from a total of KES 13.239Bn received
- Subscription and Acceptance: Auction was under-subscribed with a total of KES 30.562Bn in bids submitted, and the CBK accepting KES 24.333Bn. This fell short of the targeted KES 40Bn set for this auction. The CBK picked more of the shorter bond, the FXD1/2008/20Yr, as they looked to mitigate the push for higher rates on the longer dated bond.
- Attached are the results in full for your perusal.
For your trading activities ahead, below is a snapshot of what is available in the secondary market for your consideration. Happy post-auction hunting!