Government Bond Traded on Nairobi Securities Exchange

Strategic Insights -

Market data has shown that a government bond with issue number IFB1/2023/6.5Yr was traded on the Nairobi Securities Exchange with a traded yield of 11.9%. The bond, identified by the International Securities Identification Number (ISIN) KE8000006216, recorded a clean price of 115.8109 Kenyan Shillings, indicating the price excluding accrued interest. This transaction amounted to a total value of 50.00 million Kenyan Shillings, part of the designated market category for government securities.

Key Takeaways:

  • A government bond with issue number IFB1/2023/6.5Yr was traded on the Nairobi Securities Exchange with a traded yield of 11.9%.
  • The bond, identified by the International Securities Identification Number (ISIN) KE8000006216, recorded a clean price of 115.8109 Kenyan Shillings.
  • The total value traded for this bond amounted to 50.00 million Kenyan Shillings, falling under the designated market category for government securities.
  • The traded yield reflects the current market dynamics influencing government securities and the return on investment that participants are receiving from this particular bond.
  • The bond is set to mature on May 13, 2025, and forms part of the government's strategy to raise funds through domestic borrowing.
  • The clean price of 115.8109 Ksh is a critical metric for investors assessing the bond's value relative to its yield.
  • The Nairobi Securities Exchange continues to facilitate the trading of government securities, providing a platform for investors to engage with various financial instruments.
  • This transaction is indicative of the current market activity in government securities on the Nairobi Securities Exchange.

Statistics:

  • Traded yield: 11.9%
  • Clean price: 115.8109 Kenyan Shillings (excluding accrued interest)
  • Total value traded: 50.00 million Kenyan Shillings
  • Maturity date: May 13, 2025
  • Issue number: IFB1/2023/6.5Yr
  • International Securities Identification Number (ISIN): KE8000006216

Sources:

  • Nairobi Securities Exchange
  • Nairobi Securities Exchange (NSE) information available from the exchange.