NIC Securities analyst expect bidding at between 13 and 13.45 per cent.
Investors are likely to demand at least 13 per cent in interest from the sale of this month’s 10-year Sh30 billion Treasury bond, fixed income analysts said on Monday.
Analysts at Genghis Capital say there is likely to be a mix of aggressive and conservative bidding on the paper, resulting in a wide range of bids at between 12.9 and 13.7 per cent.
#ticker:NIC Securities analyst expect bidding at between 13 and 13.45 per cent.
The market has experienced tight liquidity in recent weeks which may affect the volume of bids on the bond, although the CBK is not under pressure to take up expensive money given it is the first bond of the fiscal year.
“The Treasury is not under pressure in terms of its borrowing target at this point of time,” said Genghis Capital in a note.
