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View this email in your browser A New IFB For February, the CBK will be offering a new Infrastructure Bond, the IFB1/2024/8.5Yr, as they seek KES 70Bn. Attached is the prospectus with all the details of this new bond offering. 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 16.60 16.30 0.00 2Yr 18.35 18.25 0.00 5yr 18.90 18.65 0.03 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 17.40 17.25 0.02   Key  Interest Rates   Mov (bps) O/N Interbank 13.7030% 6.02 91 Day T-bill 16.2347% 8.95 182 Day T-bill 16.3007% 11.33 364 Day T-bill 16.4917% 10.00 Central Bank Rate (CBR) 12.50% 200.00 Inflation 6.60% -20.00   Attached are the bond positions available today and the IFB1/2024/8.5Yr Bond Prospectus. Bond Positions IFB1/2024/8.5Yr Bond Prospectus Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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