The Central Bank of Kenya (CBK) has opened a KSh60 billion Treasury bond sale, giving investors an opportunity to put their money into two long-term government securities offering attractive fixed coupon rates.
The bond sale opened on September 8, 2026, and investors have until 10:00 a.m. on September 16 to submit their bids. The auction will be conducted on the same day, with settlement scheduled for September 21.
The offer comprises a reopened FXD1/2019/020 bond and a new FXD1/2026/030 issue. The first bond carries a coupon rate of 12.873 per cent and has approximately 12.6 years remaining before maturity. It will mature on March 21, 2039.
The second bond carries a 12.5 per cent coupon and has approximately 29.6 years to maturity, with repayment scheduled for March 13, 2056. Both securities are subject to a 10 per cent withholding tax.
CBK said the funds raised will provide budgetary support to the government.
How to Invest
Individual investors can participate through the DhowCSD platform. Investors need to have an active DhowCSD account and can submit a non-competitive bid starting from KSh50,000, up to KSh50 million.
After selecting the bond, investors enter the amount they want to invest and submit their bid before the deadline. CBK then conducts the auction and communicates the results through the platform. Investors whose bids are accepted must make the required payment according to CBK’s instructions.
The bonds will also be listed on the Nairobi Securities Exchange, allowing investors to trade them in the secondary market after issuance.
However, investors who sell before maturity may receive more or less than their original investment depending on prevailing market prices.
The latest offer comes as the government continues to rely on domestic borrowing to finance its budgetary requirements. For investors, Treasury bonds remain an option for generating relatively predictable income while diversifying beyond bank deposits and other investments.
CBK has advised investors to review the bond prospectus and understand the terms before submitting their bids.
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