Kenya Bond Market Update: 22 August 2024

Published on

August 22, 2024

*|MC:SUBJECT|*

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Thirsty Thursday

To quench your fixed income related thirst, 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	17.50	17.00	0.00
2Yr	18.00	17.70	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	15.50	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	16.50	16.00	0.00
IFB1/2021/18 (IFB22)	Mar-39	16.50	16.30	0.00
IFB1/2021/21 (IFB23)	Aug-42	16.70	16.50	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	17.75	17.45	0.00
IFB1/2023/7 (IFB29)	Jun-30	16.90	16.20	0.00
IFB1/2023/6.5 (IFB30)	May-30	17.85	17.65	-0.15
IFB1/2024/8.5 (IFB31)	Aug-32	17.85	17.65	-0.15

Attached are the bond positions available today and the IFB1/2023/17Yr Tap Sale Prospectus.

Bond Positions

IFB1/2023/17Yr Tap Sale Prospectus

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