The Central Bank of Kenya (CBK) has announced a tap sale of two Treasury bonds, offering investors an additional opportunity to invest in long-term government securities while raising Sh15 billion for the National Treasury.
In a notice issued on June 8, 2026, CBK said the tap sale involves Treasury Bond Issue Nos. FXD1/2020/015 and FXD1/2018/025 and will be conducted on a first-come, first-served basis.
The sale opened on June 9, 2026, and will remain available until June 11, 2026, or until the target amount of Sh15 billion is fully subscribed, whichever comes first.
The two bonds carry coupon rates of 12.756 per cent and 13.400 per cent respectively and were recently reopened through a Treasury bond auction.
According to CBK, investors will purchase the securities at prices based on the weighted average rates accepted during the June 3, 2026 Treasury bond auction, adjusted for accrued interest.
“The Central Bank of Kenya is pleased to offer eligible investors an opportunity to participate in a tap sale of the above Treasury bonds, whose details are as in the prospectus issued on June 3, 2026. The tap sale will be offered on a first-come, first-served basis,” CBK said.
The minimum investment amount has been set at Sh50,000, allowing both retail and institutional investors to participate.
Settlement for successful bids will take place on June 15, 2026. CBK said payment details will be available through the DhowCSD Investor Portal and mobile application, with investors required to complete payments by 2 p.m. on the settlement date.
The bonds form part of the government’s long-term borrowing programme aimed at financing budgetary requirements.
FXD1/2020/015 is a 15-year fixed-coupon Treasury bond scheduled to mature in February 2035, while FXD1/2018/025 is a 25-year Treasury bond maturing in May 2043.
Both securities attract a withholding tax rate of 10 per cent and are listed on the Nairobi Securities Exchange (NSE), allowing investors to trade them in the secondary market before maturity.
CBK noted that the tap sale provides investors with an opportunity to secure long-term returns while supporting government financing initiatives.
Author: Andrew Walyaula
Andrew Walyaula is a seasoned multimedia journalist. Email: [email protected]
