Kenya Treasury bonds · auction of 29 March 2010
Kenya bond auction, 29 March 2010: FXD1/2010/015 at 9.980%
The Central Bank of Kenya's bond auction dated 29 March 2010 was a primary issue of FXD1/2010/015 and FXD2/2010/002.
FXD1/2010/015 cleared at 9.980%, with 14.9 years to maturity.
FXD2/2010/002 cleared at 6.936%, with 2.0 years to maturity.
What this means for KES 100,000 of FXD1/2010/015
Worked from the published result · information, not advice
KES 4,491 every six months, after tax, for 14.9 years
At this auction KES 100,000 of face value cost about KES 102,078 (price 102.078 per 100), and the yield that implies is 9.98% a year. The coupon is 9.98%: KES 9,980 a year on KES 100,000 of face value, paid in two halves, KES 8,982 after 10% withholding tax.
Held to maturity (2025-03-10), that is about KES 134,269 in coupons, plus KES -2,078 loss between what you paid and the KES 100,000 repaid; roughly KES 132,191 in all after tax.
Sold before maturity, the price moves with rates: if yields rise, the bond is worth less; if they fall, more. The Central Bank’s minimum bid is KES 50,000. Compare with bills, funds and deposits after tax →
Results
By bond
| Bond | Sale | Yield | Coupon | Years left | Bids | Accepted | Price /100 |
|---|---|---|---|---|---|---|---|
| FXD1/2010/015 | primary | 9.980% | — | 14.9 | — | KES 10.42bn | 102.078 |
| FXD2/2010/002 | primary | 6.936% | — | 2.0 | — | KES 6.18bn | 100.316 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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