CBK Seeks KSh 40Bn for Budgetary Support in Nov.

CBK (Central Bank of Kenya), the State fiscal agent, has invited bids for Re-opened 20yr. and 15yr. Treasury Bonds, whose purpose is to raise KSh 40 Billion for budgetary support.

According to the CBK prospectus, the period of sale for the two respective T-bonds, first sold in 2012 and 2022, runs from 23^rd October to 5^th November 2025, with maturity dates of November 1^st 2023 and 6^th April 2037.

CBK Offer to Investors

CBK is offering a coupon rate of 12% for the 20yr bond while investors will be paid a coupon rate of 13.942% for the 15-yr bond. The auction date is November 5^th 2025 while successful bidders will make their payments on November 10^th 2025. Payments

All successful bidders should obtain the payment key and amount payable from the CBK DhowCSD Investor Portal/App under the transactions tab on Friday, November 7, 2025.

Secondary Trading of these two bonds will begin on Monday, November 10, 2025, after being listed. The CBK Central Bank will rediscount bonds as a last resort, at 3% above the prevailing market yield or coupon rate whichever is higher, upon receiving written instructions from investors via the email [email protected].

CBK Domestic Borrowings to Finance Deficit Hits KSh 287.2 Billion

The CBK November T-Bonds Sale pushes the Government’s borrowing for Budgetary Support, from the Domestic Money Market to KSh 327.2 Billion.

CBK has also published a prospectus for November Buyback Bond Auction, seeking to raise KSh 30billion. Participation in this auction is on a voluntary basis and investors may opt to sell-back part or the entire holding (face value) in the bond.

The six-month bond has a coupon rate of 14.2280% and matures on 11^th May 2026. The period of sale is between October 23, 2025, to November 17, 2025, Bids submission deadline is November 17, 2025, by 10.00 am, same as the Auction date.

Bids must be submitted to Central Bank electronically via CBK DhowCSD by 10.00am on Monday, November 17,2025. All successful bidders should obtain details of successful bids from the DhowCSD Investor Portal/App under the transactions tab on Monday, November 17, 2025.

Borrowers with pledges on the holdings will need to cancel the contracts five (5) days before the buyback value date to be eligible to participate in the buyback auction.