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View this email in your browser Time to Tap Again The IFB1/2023/6.5Yr is back on offer from the Central Bank of Kenya via a Tap Sale as they look to secure KES 25Bn in additional funding. Attached is the prospectus with all the details required to facilitate your decision making. 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 16.25 15.75 0.00 2Yr 17.70 17.40 0.00 5yr 18.00 17.80 0.00 10yr 17.00 16.50 0.00 15yr 16.50 16.00 0.00 20yr 16.50 16.00 0.00 25yr 16.50 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 13.50 13.00 0.00 IFB1/2016/9 (IFB10) May-25 13.50 13.00 0.00 IFB1/2015/12 (IFB8) Mar-27 14.50 14.00 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 15.50 15.00 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 14.75 14.50 0.00 IFB1/2020/6 (IFB19) May-26 13.50 12.75 0.00 IFB1/2020/11 (IFB20) Aug-31 15.50 15.00 0.00 IFB1/2021/16 (IFB21) Jan-37 16.00 15.50 0.00 IFB1/2021/18 (IFB22) Mar-39 16.00 15.50 0.00 IFB1/2021/21 (IFB23) Aug-42 16.50 16.00 0.00 IFB1/2022/19 (IFB24) Jan-41 16.50 15.50 0.00 IFB1/2022/18 (IFB25) May-40 16.50 15.50 0.00 IFB1/2022/14 (IFB26) Oct-36 16.50 15.50 0.00 IFB1/2022/6 (IFB27) Nov-28 13.70 13.30 0.00 IFB1/2023/17 (IFB28) Feb-40 16.50 15.50 0.00 IFB1/2023/7 (IFB29) Jun-30 16.20 15.90 0.00 IFB1/2023/6.5 (IFB30) May-30 17.70 17.60 -0.10   Key  Interest Rates   Mov (bps) O/N Interbank 11.1766% 10.03 91 Day T-bill 15.3632% 7.65 182 Day T-bill 15.4281% 2.24 364 Day T-bill 15.6385% 2.34 Central Bank Rate (CBR) 10.50% 0.00 Inflation 6.90% 10.00   Attached are the bond positions available today and the IFB1/2023/6.5Yr Tap Sale Prospectus.   Bond Positions IFB1/2023/6.5Yr Tap Sale Prospectus Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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