Kenya Bond Market Update: 01 October 2024

Published on
October 1, 2024
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First of the Month

 

Wishing you and yours the very best this October. To get you going on the fixed income front, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!

**Links to the attachments are below the note (please let me know what you think of this change)
 
Below are the two-way quotes for the benchmark tenors:
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 16.80 16.50 0.00
2Yr 17.50 17.00 0.00
5yr 18.00 17.70 0.00
10yr 17.00 16.70 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 16.00 15.00 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 16.50 16.00 0.00
IFB1/2018/15 (IFB14) Jan-33 16.50 16.00 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 16.50 16.20 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 17.00 16.00 0.00
IFB1/2021/16 (IFB21) Jan-37 17.00 16.50 0.00
IFB1/2021/18 (IFB22) Mar-39 17.10 16.50 0.00
IFB1/2021/21 (IFB23) Aug-42 17.20 16.50 0.00
IFB1/2022/19 (IFB24) Jan-41 17.10 16.50 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 16.60 16.45 0.00
IFB1/2023/7 (IFB29) Jun-30 16.55 16.35 -0.10
IFB1/2023/6.5 (IFB30) May-30 16.25 16.05 0.00
IFB1/2024/8.5 (IFB31) Aug-32 16.30 16.10 0.00
 
 
Key  Interest Rates   Mov (bps)
O/N Interbank 12.7950% 3.69
91 Day T-bill 15.7183% -2.80
182 Day T-bill 16.5888% -2.69
364 Day T-bill 16.7999% -1.32
Central Bank Rate (CBR) 12.75% -25.00
Inflation 4.40% 10.00
 
Attached are the bond positions available today and October’s Bond Auction Prospectus.
Bond Positions
October's Bond Auction Prospectus
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