CBK (Central Bank of Kenya) has re-opened 15-yr and 20-yr fixed coupon Treasury Bonds, seeking KSh 50 Billion for Budgetary Support for the month of May 2026, weeks before the end of 2025/26 fiscal year and the next budget.
According to the CBK prospectus, the re-opened 15-year Treasury Bond has a maturity date of 10th July 2034 with a coupon rate of 12.3400% while the re-opened 20-year Treasury Bond, first sold in 2021, which has a coupon rate of 13.4440% with a maturity date of 22nd July 2041, will be in sale between this Monday, 18th May 2026 to 2oth May 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, 22/05/2026, for FXD3/2019/015 and FXD1/2021/020.
Defaulters may be suspended from subsequent investment in Government Securities.
The Central Bank reserves the right to accept applications in full or part thereof or reject them in total without giving any reason.
Secondary trading in multiples of KSh 50,000.00 commence on Monday, 25/05/2026 for FXD3/2019/015 and FXD1/2021/020.
The CBK will rediscount bonds as a last resort, at 3% above the prevailing market yield or coupon rate whichever is higher. Rediscount instructions should be sent from the CBK DhowCSD investor portal/App under the Instructions tab, select Create new and the Rediscount option.
The Bonds may be re-opened at a future date. The bonds qualify for statutory liquidity ratio requirements for Commercial Banks and Non-Bank financial institutions as stipulated in the Banking Act CAP 488 of the laws of Kenya.
The bonds will be listed on the Nairobi Securities Exchange. Investors can pledge Government Securities as collateral to access loans from regulated financial institutions.
A pledge not cancelled at least five days before the securities mature will result in securities automatically settling to the lender’s account.
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