This week’s T-bill auction was oversubscribed once again as KES 32.949Bn in bids were submitted, with the CBK accepting KES 30.247Bn. Attached are the results in full for your perusal. As changes continue to take place in the governance of the country, changes in the FI space are updated for your consideration in the note below. Happy hunting and God Bless Kenya!
Below are the two-way quotes for the benchmark tenors:
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor
Bid (%)
Offer (%)
Mov (t-t0)%
1Yr
17.20
16.85
0.00
2Yr
18.00
17.50
0.00
5yr
18.50
18.00
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
15.25
15.00
0.00
IFB1/2016/9 (IFB10)
May-25
15.25
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
16.00
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
17.05
16.00
0.00
IFB1/2021/16 (IFB21)
Jan-37
15.80
15.50
0.00
IFB1/2021/18 (IFB22)
Mar-39
16.50
16.00
0.00
IFB1/2021/21 (IFB23)
Aug-42
16.50
16.00
0.00
IFB1/2022/19 (IFB24)
Jan-41
17.30
16.00
0.00
IFB1/2022/18 (IFB25)
May-40
16.60
16.00
0.00
IFB1/2022/14 (IFB26)
Oct-36
16.60
16.00
0.00
IFB1/2022/6 (IFB27)
Nov-28
16.50
16.00
0.00
IFB1/2023/17 (IFB28)
Feb-40
17.30
16.00
0.00
IFB1/2023/7 (IFB29)
Jun-30
16.90
16.20
0.00
IFB1/2023/6.5 (IFB30)
May-30
17.00
16.50
0.00
IFB1/2024/8.5 (IFB31)
Aug-32
18.00
17.85
0.05
Key Interest Rates
Mov (bps)
O/N Interbank
13.0945%
-4.98
91 Day T-bill
15.9954%
0.86
182 Day T-bill
16.8221%
2.69
364 Day T-bill
16.8795%
4.96
Central Bank Rate (CBR)
13.00%
0.00
Inflation
4.60%
-50.00
Attached are the bond positions available today, T-Bill auction results from this week and the FXD1/2024/10Yr & FXD1/2008/20Yr Bond Auction Prospectus.
