The Central Bank of Kenya (CBK) has announced a new Treasury bond auction targeting KSh 80 billion to support government financing needs. The offer, running from April 23 to May 6, 2026, features three reopened fixed-coupon bonds, giving investors a chance to earn steady returns backed by the government.
The bonds come with varying maturities and attractive interest rates. These include a 20-year bond with a 12.0% coupon, another with a 12.873% rate, and a longer-term option offering 13.924%. The latter, with a maturity stretching to 2046, may appeal to investors seeking predictable, long-term income.
Details of Central Bank of Kenya bond
In a move aimed at widening access, CBK has allowed retail investors to participate with as little as KSh 50,000 through non-competitive bids. This option removes the need to quote interest rates, making it easier for individuals to invest. On the other hand, competitive bids, which require a minimum of KSh 2 million, are designed for institutional players and high-net-worth investors.
The auction will close on May 6 at 10:00 am, with results released the same day and settlement set for May 11. Successful bidders will access payment details through the DhowCSD platform, after which the bonds will be available for secondary trading in multiples of KSh 50,000.
