Bonds

Fixed Income Primary Market
The government received Kes 91,676.76.BN bids out a targeted KES 50 BN from this month`s bonds, Issue number FXD2/2010/15, FXD1/2020/15 and FXD1/2011/20. This represents 35.68% subscription rate for the FXD2/2010/15, 99.58% subscription rate for the FXD1/2020/15 and a 28.09% subscription rate for the FXD1/2011/20 , the government  accepted KES 81,676.76. The weighted average rate of accepted bids stood at 10.458% for the FXD2/2010/15, 12.512% for FXD1/2020/15 and 11.872% for the FXD1/2011/20  while the coupon rate is 9.00% for the FXD2/2010/15, 12.756% for the FXD1/2020/15 and 10.00% for the FXD1/2011/20.