Results Time – A dismal showing at this month’s primary auction, carrying on from the poor showing in the Tap Sale conducted in September. Below is a quick summary of how the bond auction played out:
· FXD1/2023/2Yr: Average of 17.7358% on the back of KES 4.825Bn in bids accepted out of KES 6.506Bn in bids received
· FXD1/2023/5Yr: Average of 17.9919% on the back of KES 1.481Bn in bids accepted out of KES 5.791Bn in bids received
· Subscription: KES 6.306Bn in bids accepted from a total of KES 12.298Bn in bids received. Significantly undersubscribed as the target set was KES 35Bn
· Attached are the results in full for your perusal.
Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
Attached are the bond positions available today and the bond auction results of the re-opened FXD1/2023/2Yr & FXD1/2023/5Yr.