Kenya Bond Market Update: 1 February 2024

Published on
February 1, 2024
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Flowers Chocolates


Welcome to February, where flower and chocolate vendors will meet their targets as that day draws near. We made it through the first month of 2024, and wishing you the very best in the remaining eleven. For the work day ahead, 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 16.70 16.50 0.15
2Yr 18.35 18.00 -0.10
5yr 18.90 18.40 0.00
10yr 17.00 16.50 0.00
15yr 16.50 16.00 0.00
20yr 16.50 16.00 0.00
25yr 16.30 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 16.00 15.50 0.00
IFB1/2016/9 (IFB10) May-25 16.00 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 15.00 14.50 0.00
IFB1/2020/6 (IFB19) May-26 14.50 13.75 0.00
IFB1/2020/11 (IFB20) Aug-31 15.50 15.00 0.00
IFB1/2021/16 (IFB21) Jan-37 17.00 16.00 0.00
IFB1/2021/18 (IFB22) Mar-39 17.00 16.00 0.00
IFB1/2021/21 (IFB23) Aug-42 17.00 16.00 0.00
IFB1/2022/19 (IFB24) Jan-41 17.00 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 17.00 16.00 0.00
IFB1/2023/17 (IFB28) Feb-40 15.75 15.25 0.00
IFB1/2023/7 (IFB29) Jun-30 17.00 16.30 0.00
IFB1/2023/6.5 (IFB30) May-30 17.50 17.30 0.00
 
Key  Interest Rates   Mov (bps)
O/N Interbank 13.3786% -9.87
91 Day T-bill 16.2903% 5.56
182 Day T-bill 16.3756% 7.49
364 Day T-bill 16.5225% 3.08
Central Bank Rate (CBR) 12.50% 200.00
Inflation 6.90% 30.00
 
Attached are the bond positions available today, the Inflation Data for January 2024 and the IFB1/2024/8.5Yr Bond Prospectus.
 
Bond Positions
Inflation Data for January 2024
IFB1/2024/8.5Yr Bond Prospectus
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