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The East African : Dec 29th 2014
46 BONDS WEEKLY STATISTICS 24-DECEMBER-2014 GOVERNMENT OF KENYA FIXED RATE TREASURY BONDS Issue No. TWO YEAR BONDS FXD 1/2013/2Yr FXD 2/2013/2Yr FXD 3/2013/2Yr FXD 4/2013/2Yr FXD 4/2013/2Yr FXD 1/2014/2Yr FXD 2/2014/2Yr FXD 3/2014/2Yr FIVE YEAR BONDS FXD 1/2010/5Yr FXD 2/2010/5Yr FXD 1/2011/5Yr FXD 1/2012/5Yr FXD 1/2013/5Yr FXD 2/2013/5Yr FXD 3/2013/5Yr FXD 1/2014/ 5Yr FXD 2/2014/ 5Yr EIGHT YEAR BONDS FXD1/2007/8Yr NINE YEAR BONDS FXD 1/2006/9Yr TEN YEAR BONDS FXD 1/2006/10Yr Issue Date 25-Feb-13 Maturity Date Issued Value in millions 25-Mar-13 23-Mar-15 26-Aug-13 24-Aug-15 24-Dec-13 24-Dec-13 21-Dec-15 21-Dec-15 23-Feb-15 20,445.80 19,960.65 17,927.40 25,251.00 25,251.00 24-Mar-14 21-Mar-16 20,000.00 26-May-14 23-May-16 22-Dec-14 19-Dec-16 24-May-10 18-May-15 30-Nov-10 31-Jan-11 23-Nov-15 25-Jan-16 28-May-12 22-May-17 29-Apr-13 1-Jul-13 25-Nov-13 28-Apr-14 23-Jun-14 26-Feb-07 24-Apr-06 20,130.15 8,905.12 11,924.85 14,973.10 22,083.10 31,079.55 23-Apr-18 20,240.75 25-Jun-18 26,340.05 19-Nov-18 22-Apr-19 17-Jun-19 16-Feb-15 13-Apr-15 27-Mar-06 14-Mar-16 FXD 2/2006/10Yr 29-May-06 16-May-16 FXD 1/2007/10Yr FXD 1/2008/10Yr FXD 2/2008/10Yr FXD 3/2008/10Yr FXD 1/2009/10Yr FXD 1/2010/10Yr FXD 2/2010/10Yr FXD 1/2012/10Yr FXD 1/2012/10Yr FXD 1/2013/10Yr FXD 1/2013/10Yr 29-Oct-07 29-Oct-07 28-Jul-08 16-Oct-17 16-Oct-17 16-Jul-18 29-Sep-08 28-Sep-18 27-Sep-09 26-Apr-10 1-Nov-10 25-Jun-12 25-Jun-12 1-Jul-13 1-Jul-13 FXD 1/2014/10Yr FXD 1/2014/10Yr FXD 1/2014/10Yr FXD 1/2014/10Yr ELEVEN YEAR BONDS FXD1/2006/11Yr 27-Jan-14 27-Jan-14 27-Jan-14 27-Jan-14 25-Sep-06 TWELVE YEAR BONDS FXD1/2006/12Yr FXD1/2007/12Yr FXD1/2007/12Yr 15-Jan-24 15-Jan-24 15-Jan-24 15-Jan-24 11-Sep-17 28-Aug-06 13-Aug-18 28-May-07 28-May-07 FIFTEEN YEAR BONDS FXD1/2007/15Yr FXD2/2007/15Yr FXD3/2007/15Yr FXD1/2008/15Yr FXD1/2009/15Yr FXD1/2010/15Yr FXD2/2010/15Yr FXD1/2012/15Yr FXD1/2013/15Yr FXD1/2013/15Yr FXD1/2013/15Yr FXD1/2013/15Yr FXD1/2013/15Yr FXD1/2013/15Yr FXD2/2013/15Yr TWENTY YEAR BOND 26-Mar-07 25-Jun-07 26-Nov-07 7-Mar-22 6-Jun-22 7-Nov-22 31-Mar-08 13-Mar-23 26-Oct-09 7-Oct-24 8-Dec-25 6-Sep-27 7-Feb-28 15-Apr-19 13-Apr-20 2,656.90 3,060.25 3,451.05 5,028.10 9,308.80 2,992.75 13,504.70 4,151.60 4,966.85 19,394.15 19-Oct-20 18,849.90 13-Jun-22 13-Jun-22 19-Jun-23 19-Jun-23 16,803.75 16,803.75 12,643.05 12,643.05 15,030.15 15,030.15 15,030.15 15,030.15 4,031.40 13-May-19 13-May-19 3,900.95 4,864.60 4,864.60 3,654.60 7,236.95 17,568.00 7,830.90 9,420.45 29-Mar-10 10-Mar-25 20,823.73 25-Apr-11 24-Sep-12 25-Feb-13 25-Feb-13 25-Feb-13 25-Feb-13 25-Feb-13 25-Feb-13 29-Apr-13 7-Feb-28 7-Feb-28 7-Feb-28 7-Feb-28 7-Feb-28 10-Apr-28 13,513.10 21,089.45 40,886.33 40,886.33 40,886.33 40,886.33 40,886.33 40,886.33 17,385.85 Coupon (%) 12.8440 12.9400 12.9390 11.5530 11.5530 10.8030 10.7930 10.8900 6.9510 6.6710 7.6360 14,937.80 17,511.20 16,418.25 11.8550 12.8920 11.3050 11.9520 10.8700 11.9340 12.7500 13.5000 14.0000 14.0000 10.7500 10.7500 10.7500 10.7500 10.7500 8.7900 9.3070 12.7050 12.7050 12.3710 12.3710 12.1800 12.1800 12.1800 12.1800 13.7500 14.0000 13.0000 13.0000 14.5000 13.5000 12.5000 12.5000 12.5000 10.2500 9.0000 11.0000 11.2500 11.2500 11.2500 11.2500 11.2500 11.2500 12.0000 Traded yield (%) Previous Price (%) 100.7754 101.1196 99.9081 101.0654 100.9722 100.4299 11.0000 10.8900 100.1039 120,000,000 30,000,000 98.9033 94.0893 96.8148 101.7630 105.1392 98.6300 102.9735 100.3984 100.2700 100.6788 102.2668 102.1563 103.9277 97.8084 95.8019 96.4121 96.8383 96.1897 90.1317 102.8983 107.2394 105.1801 104.6460 11.6500 12.0500 103.3592 400,000,000 100.1350 99.7564 300,000,000 100.9531 100.8157 97.6357 109.5804 105.3907 105.3907 114.0534 107.2934 106.1604 100.9886 102.8045 88.7101 81.9916 92.1069 12.7000 12.4500 12.4500 12.6000 12.6750 12.6500 90.5061 300,000,000 91.9868 100,000,000 90.7994 200,000,000 91.3012 100,000,000 91.0940 500,000,000 91.2419 95.5146 100,000,000 Total Value traded (kshs) The EastAfrican MARKETS DECEMBER 27, 2014 - JANUARY 2, 2015 CUT BORROWING KBS bus driving along a street in Kigali. Picture: File Kigali Bus Services to list on Rwanda bourse The company is expected to ≥aise money to fund its ope≥ations and g≥ow its fleet By KABONA ESIARA Special Correspondent K igali Bus Services (KBS), a private passenger trans- port company, is likely to list on the Rwanda Stock Exchange next year ending almost three years of drought. KBS is expected to raise money to fund its operations, particularly increasing its fleet to meet the growing demand for public transport in the city. Charles Ngarambe, the chairman of KBS, said the transaction advisor was working on the documentation and declined to divulge more. He said the company was keen to come on the market to reduce borrowing from commercial banks, which are good only for short term capital. Mr Ngarambe said KBS had 161 minibuses in operation and needed to import more to meet increasing demand. “Kigali is expanding, with new routes being created, wthis will require a new fleet,” said Mr Ngarambe. For instance, the routes connected to the public transport network in Kigali have increased from just 27 a few years ago to over 45 today. But the company is also under pressure to import environmentally friendly buses, which are costly. Rwanda will begin manda- tory vehicle emissions testing from January 2015 in an Mr- Mr Rwabukumba. Pic: File The government had earmarked 20 firms in 2011 for listing as part of its privatisation plan but only Bank of Kigali and Bralirwa have listed so far. This is in addition to three cross-listed Kenyan companies — Nation Media Group, KCB and Uchumi Supermarket. effort to improve air quality and protect the environment. Vehicles that do not meet applicable emissions standards will not be awarded atechnical control certificate and will not be permitted to operate in Rwanda. The company has so far spent approximately $7 million buying the smokeless buses conforming to the Euro three emission standards. Analysts say if listed, the company is likely to generate solid interest given that it is a locally known brand. This would in turn boost activity on the secondary market which is still low. Currently trading on Rwanda Stock Exchange remains dominated by the two local companies — Bank of Kigali and Bralirwa Ltd. STOCK EXCHANGE Cross-listed counters — Nation Media Group (NMG), KCB and Uchumi Supermarket are barely active. While the government had earmarked 20 firms in 2011 for listing as part of its privatisation plan, only Bank of Kigali and Bralirwa have listed. “Though we have not had new listings in terms of equities, we have had a few bonds. Issuance of the bond, which is continuous, will help spur the secondary market,” said Celestine Rwabukumba, the chief executive officer of RSE. “We are working on the Small and Medium Enterprises segment and are likely to see some SMEs coming to the market next year. They have already working with the transaction advisers, “Mr Rwabukumba said. This year, the government embarked on quarterly issuance of bonds through to May 2015 to stimulate the secondary market, with a total of 5 Treasury bonds being issued so far. The maturity period is between three and seven years. This year at least Rwf985 million ($1.4million) of bonds were transacted in 1,447 deals compared with the same period in 2013 while the market recorded a total turnover of Rwf52.5 billion($74 million) from sale of 105 million shares in 1,629 deals according to RSE. Royal Express Ltd and Rwanda Federation of Transport Co-operatives are the other two cmpanies holding five-year contracts to operate public transport in the capital. Part of the contract requires the operators to have modern large buses to transport the growing number of passengers.
Dec 22nd 2014
Jan 5th 2015