Kenya: bonds

Central bank of Kenya has multiple interests in the development of bond markets. At a fundamental level the government Treasury bond helps to fund budget deficits. It is important to note that Central Bank of Kenya has increased its issuance of long-term Treasury bonds currently with 12-year tenor thus increasing the maturity period of government debt. Also Central Bank acts as agents for the government in various aspects of the management of government debt. They oversee clearance and settlement system and they are responsible for the stability of the financial system often directly supervising banks. This multiplicity of interest means that the policy issues that arise are very diverse.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
KES 71 1 504 770 860 000
USD 2 2 750 000 000
corporate
KES 26 96 507 690 000
USD 1 136 073 180

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Credit *** International scale rating (foreign curr.) ***
Dagong Credit *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
Kenya, IFB 12.5 12feb2029 - Domestic bonds KE5000006980 12.5% 14 047 750 000  KES 02/27/2017 02/12/2029
Kenya, FXD 12.509 17dec2018 - Domestic bonds KE5000006873 12.509% 10 535 300 000  KES 12/13/2016 12/17/2018
Kenya, IFB 12 6oct2031 - Domestic bonds KE5000006659 12% 30 571 540 000  KES 10/18/2016 10/06/2031
Kenya, FXD 13.112 20sep2021 - Domestic bonds KE5000006436 13.112% 37 338 270 000  KES 09/20/2016 09/20/2021
Kenya, FXD 14 1sep2036 - Domestic bonds KE5000006543 14% 20 166 940 000  KES 09/20/2016 09/01/2036
Kenya, FXD 15.039 17aug2026 - Domestic bonds KE5000006329 15.039% 18 312 230 000  KES 08/29/2016 08/17/2026
Kenya, FXD 14.069 19jul2021 - Domestic bonds KE5000005107 14.069% 24 400 950 000  KES 07/25/2016 07/19/2021
Kenya, IFB 12.5 12may2025 - Domestic bonds KE5000004654 12.5% 34 902 280 000  KES 05/23/2016 05/12/2025
Kenya, FXD 12.02 21may2018 - Domestic bonds KE5000004878 12.02% 30 450 660 000  KES 05/23/2016 05/21/2018
Kenya, FXD 14.334 19apr2021 - Domestic bonds KE5000004548 14.334% 19 545 570 000  KES 04/19/2016 04/19/2021

World Bond market statistics

Quarterly indices

Type IV 2016 III 2016 II 2016 I 2016 IV 2015 III 2015 II 2015
BIS volume of international-bond market of emerging countries
Kenyan international bonds, USD bln 2.800 2.800 2.800 2.800 2.800 2.800 2.800
BIS net issues of international-bond market of emerging countries
International-bond net issue of Kenya, USD bln       0.000 0.000 0.000 0.000

Currencies

Daily indices

Type: 03/24/2017 03/23/2017 03/22/2017 03/21/2017 03/20/2017 03/17/2017 03/16/2017
Exchange Rates (Emerging Markets)
USD/KES 102.9000 103.0000 102.8750 103.1000 102.9800 103.0100 102.9040
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Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Kenya, 5.875% 24jun2019, USD   USD 06/24/2019 05/18/2016 **.** *.** 05/18/2016 ** *.**
Kenya, 6.875% 24jun2024, USD   USD 06/24/2024 05/18/2016 **.** *.** 05/18/2016 **.* *.**
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