CBK Re-opens 5-year and a 10-year KSh30 Billion Treasury bond

By David Indeje / December 7, 2017



CBK Announces Ksh 35Bn Tap Sale on the Infrastructure Bond

The Treasury has re-opened  5-year and a 10-year (FXD1/2008/15 & FXD1/2017/10) maturity worth KSh30 billion Treasury bond.

This will be the sixth offering of the benchmark paper (FXD1/2017/10).

“Activity on the secondary market kept pace in Tuesday’s session trading KES 2.7Bn driven by trades in the medium term space,” notes Genghis Capital Analysts in a market research note.

The bonds are intended for budgetary support with the bidding expected to be open 7-13 December.

Read: National Treasury to Disburse Ksh 77.4Bn to County Governments 

“Meanwhile, the economic lull has contributed to lower projected tax revenue collection and increased the government’s debt appetite in an effort to bridge the revenue gap. However, Treasury auctions have generally underperformed in the current financial year triggering the government to delay its economic development plans so as to steer funds to finance the ballooning recurrent expenditure,” notes the Commercial Bank of Africa Limited (CBA) Monthly Economic Report for December 2017.

On the other hand, Cytonn Investments November update, yields on government securities in the secondary market have remained relatively unchanged in November, only recording slight upward movement for the tenor of 3-5 years.

“On a year to date basis, the yield curve has experienced a downward pressure leading to declining in yields. According to the FTSE NSE Bond Index, Treasury bonds listed on the Nairobi Securities Exchange (NSE) gained 1.1 percent during the month, bringing the YTD performance to 13.6 percent.”

Yield Curve



About David Indeje

David Indeje is a writer and editor, with interests on how technology is changing journalism, government, Health, and Gender Development stories are his passion. Follow on Twitter @David_Indeje David can be reached on: (020) 528 0222 / Email: [email protected]

View other posts by David Indeje


More Articles From This Author







Other Related Articles








SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2018
  • January 2018 (291)
  • February 2018 (220)
  • March 2018 (279)
  • April 2018 (226)
  • May 2018 (240)
  • June 2018 (58)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (206)
  • July 2017 (190)
  • August 2017 (196)
  • September 2017 (186)
  • October 2017 (236)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (167)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (250)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (244)
  • December 2016 (154)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (171)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950