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View this email in your browser Last Chance to Tap    Tomorrow is a surprise public holiday for us in Kenya so we need to squeeze the week’s remaining trading activities into this fine day ahead of us. To begin with, the Central Bank of Kenya has offered the FXD1/2024/10Yr via a Tap Sale in a bid to secure KES 15Bn. Please do note that the sale period ends today and bids must be submitted by 2.00 PM EAT. Attached is the prospectus with all the required information. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and tapping!   Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 17.00 16.50 0.00 2Yr 17.50 17.00 0.00 5yr 18.00 17.60 0.00 10yr 16.50 16.00 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 15.75 15.50 0.00 IFB1/2016/9 (IFB10) May-25 15.85 15.75 0.00 IFB1/2015/12 (IFB8) Mar-27 15.50 15.00 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 16.50 16.00 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 16.50 16.00 0.00 IFB1/2020/6 (IFB19) May-26 16.50 16.00 0.00 IFB1/2020/11 (IFB20) Aug-31 16.50 16.00 0.00 IFB1/2021/16 (IFB21) Jan-37 15.80 15.50 0.00 IFB1/2021/18 (IFB22) Mar-39 17.00 16.50 0.00 IFB1/2021/21 (IFB23) Aug-42 17.00 16.50 0.00 IFB1/2022/19 (IFB24) Jan-41 16.60 16.00 0.00 IFB1/2022/18 (IFB25) May-40 17.00 16.50 0.00 IFB1/2022/14 (IFB26) Oct-36 17.00 16.50 0.00 IFB1/2022/6 (IFB27) Nov-28 16.50 16.00 0.00 IFB1/2023/17 (IFB28) Feb-40 16.50 16.00 0.00 IFB1/2023/7 (IFB29) Jun-30 16.90 16.20 0.00 IFB1/2023/6.5 (IFB30) May-30 16.90 16.70 -0.10 IFB1/2024/8.5 (IFB31) Aug-32 16.95 16.75 -0.07     Key Interest Rates   Mov (bps) O/N Interbank 13.7430% -2.20 91 Day T-bill 15.8652% 4.20 182 Day T-bill 16.4875% 2.75 364 Day T-bill 16.4952% 0.28 Central Bank Rate (CBR) 13.00% 0.00 Inflation 5.00% -70.00 Attached are the bond positions available today and the Tap-Sale of the FXD1/2024/10Yr. Bond Positions Tap-Sale Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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