CBK reopens long-term bonds to raise Sh40 billion in domestic borrowing drive
The offer includes 15- and 25-year instruments with competitive coupon rates and secondary market listing on the Nairobi Securities Exchange
The offer includes 15- and 25-year instruments with competitive coupon rates and secondary market listing on the Nairobi Securities Exchange
The FXD3/2019/015 bond is a 15-year paper with 8.3 years remaining to maturity. It carries a coupon rate of 12.3400% and will mature on July 10, 2034.
In a press statement issued on March 31, 2026, the Treasury said the payments were made in accordance with the Government’s debt servicing schedule, despite appearing outstanding under the Exchequer reporting framework.
CBK has outlined the bidding terms for interested investors. Non-competitive bids can be submitted from a minimum of Sh50,000 up to Sh50 million. Competitive bids, on the other hand, require a minimum of Sh2 million per Central Depository and Settlement account for each tenor.
The bonds qualify for statutory liquidity ratio requirements and will be listed on the Nairobi Securities Exchange, with bids closing on February 11, 2026.
The announcement on Thursday says the offer period runs from Wednesday, November 27, 2025, to Wednesday, December 3, 2025, with the auction scheduled for December 3 and settlement on December 8.
The Central Bank has set October 15, 2025, at 10 am as the deadline for bid submissions. The auction will take place the same day, with the settlement date set for October 21, 2025.
In a statement issued on Tuesday, August 26, 2025, the CBK said the reopened bonds are FXD1/2018/020, FXD1/2022/025, and SDB1/2011/030.