The Central Bank of Kenya (CBK) has reopened bids for two long-term fixed-coupon Treasury bonds, offering investors an opportunity to invest as low as Sh50,000.
In a notice on Thursday, January 22, CBK invited Kenyans to invest in the two bonds FXD3/2019/015 and FXD1/2018/025, in the government’s efforts to raise Sh50 billion from the domestic market to support budgetary needs.
FXD3/2019/015, a 15-year bond has a remaining maturity of 8.4 years, pays a fixed annual interest (coupon) of 12.34 percent, and matures on July 10, 2034.
On the other hand, the 25-year bond FXD1/2018/025 has a remaining maturity of 17.3 years, with a coupon rate of 13.4 percent. It will mature on May 25, 2043.
According to CBK, the official sale period runs from January 22, 2026, to February 11, 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.
“All successful bidders should obtain the payment key and amount payable from the CBK DhowCSD Investor Portal/App under the transactions tab on Friday, 13/02/2026, for FXD1/2019/015 and FXD1/2018/025,” CBK advised.
CBK warned that defaulters may be suspended from subsequent investment in Government Securities. Secondary trading in multiples of Sh50,000 will commence on Monday 16/02/2026.
The bonds may also be rediscounted by the Central Bank as a last resort at a 3 percent rate above the prevailing market yield or coupon rate, whichever is higher.
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