The Central Bank of Kenya (CBK) has invited investors to participate in a reopened Treasury bond auction targeting Sh50 billion, as the government seeks to raise funds to support its budget.
In a prospectus issued on Wednesday, May 12, the CBK said it is reissuing two fixed-coupon Treasury bonds, a 15-year paper and a 20-year paper
The two instruments have remaining maturities of 8.3 years and 15.3 years, respectively, offering investors an opportunity to buy into longer-term government debt.
The 15-year bond carries a coupon rate of 12.34 percent and will mature on July 10, 2034, while the 20-year bond offers a coupon rate of 13.444 percent and is set to mature on July 22, 2041.
CBK noted that non-competitive bids will be accepted from a minimum of Sh50,000 up to a ceiling of Sh50 million.
Competitive bids, on the other hand, will require a minimum investment of Sh2 million per Central Depository System (CDS) account for each tenor.
The sale period for the 15-year bond will run from May 13 to May 20, 2026, while the 20-year bond will be available from May 18 to May 20, 2026.
Both bonds will be auctioned on May 20, 2026, with bids required to be submitted by 10am. Settlement is scheduled for May 25, 2026.
The regulator said bids must be submitted electronically through the CBK DhowCSD platform or the Treasury Mobile Direct (TMD) system.
Successful bidders will be required to obtain their payment details through the CBK DhowCSD Investor Portal or mobile application.
“All successful bidders should obtain the payment key and amount payable from the CBK DhowCSD Investor Portal/App under the transactions tab on Friday, 22/05/2026,” CBK stated in the prospectus.
The regulator also cautioned that investors who fail to meet payment obligations risk suspension from future participation in government securities auctions.
Secondary trading for the two bonds is expected to begin on May 25, 2026, through the Nairobi Securities Exchange (NSE), in multiples of Sh50,000.
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