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 66 1 540 613 390 000
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, 6.875% 24jun2024, USD - International bonds XS1028952403 6.875% 2 000 000 000  USD 11/25/2014 06/24/2024
Kenya, 5.875% 24jun2019, USD - International bonds XS1028951850 5.875% 750 000 000  USD 11/25/2014 06/24/2019
Sayarra, 2.774% 29oct2021, USD - International bonds US805649AA80 2.774% 136 073 180  USD 09/17/2010 10/29/2021

World Bond market statistics

Quarterly indices

Type I 2017 IV 2016 III 2016 II 2016 I 2016 IV 2015 III 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

Currencies

Daily indices

Type: 06/23/2017 06/22/2017 06/21/2017 06/20/2017 06/19/2017 06/16/2017 06/15/2017
Exchange Rates (Emerging Markets)
USD/KES 103.6760 103.5810 103.6030 103.6850 103.6120 103.5600 103.4440
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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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