The Central Bank of Kenya (CBK) has reopened bids for two fixed-coupon Treasury bonds in the government’s efforts to raise Sh60 billion from the domestic market to support budgetary needs.
In a notice on Tuesday, December 9, CBK invited Kenyans to invest in the two bonds, FDX1/2019/020 and FDX1/2022/025.
“Central Bank of Kenya, acting in its capacity as fiscal agent for the Republic of Kenya, invites bids for the above bonds whose terms and conditions are as follows,” the CBK notice stated.
FXD1/2019/020, a 20-year bond with 13.2 years remaining until maturity, pays a fixed annual interest (coupon) of 12.873 percent and matures on March 21, 2039.
The second bond FDX1/2022/025 has 21.8 years to maturity with a coupon rate of 14.188 percent. It will mature on September 23, 2047, and is subject to a 10 percent withholding tax.
According to CBK, the official sale period runs from Tuesday, December 9, 2025, to Wednesday, January 7, 2026.
Both bonds will be listed on the Nairobi Securities Exchange and qualify for statutory liquidity requirements for commercial banks and non-bank financial institutions.
How to invest
For non-competitive bids, the minimum investment is Sh50,000 and Sh2 million for competitive bids. Non-competitive bids are ideal for retail investors while competitive bids are more suited for institutional and large-scale investors.
CBK invited interested investors to submit their bids via its portal.
“All successful bidders should obtain the payment key and amount payable from the CBK DhowCSD Investor Portal/App under the transactions tab on Friday, 09/01/2026, for FXD1/2019/020 and FXD1/2022/025,” CBK advised.
The lender warned that defaulters may be suspended from subsequent investment in Government Securities.
Secondary trading in multiples of Sh50,000 will commence on January 12, 2026.
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