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 February 28, CBK invited Kenyans to invest in the two bonds FXD1/2019/020 and FXD1/2021/025, in the government’s efforts to raise Sh60 billion from the domestic market to support budgetary needs.
FXD1/2019/020, a 20-year bond has a remaining maturity of 13.1 years, pays a fixed annual interest (coupon) of 12.873%, and matures on 21 March 2039.
On the other hand, the 25-year bond FXD1/2021/025 has a remaining maturity of 20.1 years, with a coupon rate of 13.924 percent. It will mature on April 9, 2046.
According to CBK, the official sale period runs from February 26, to March 11, 2026. Both bonds are subject to a 10% withholding tax.
Additionally, 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 stated that all successful bidders should obtain the payment key and amount payable from the CBK DhowCSD Investor Portal/App under the transactions tab on March 13, 2026.
“All successful bidders should obtain the payment key and amount payable from the CBK DhowCSD Investor Portal/App under the transactions tab on Friday, 13/03/2026, for XD1/2019/020 and FXD1/2021/025,” read part of the statement.
The regulator warned that defaulters may be suspended from subsequent investment in Government Securities. Secondary trading in multiples of Sh50,000 will commence on March 16, 2026.
Also Read: Step-by-step guide on how to buy Kenya Pipeline shares through M-PESA
