The Central Bank of Kenya (CBK) has reopened two fixed coupon treasury bonds – FXD3/2019/15 that currently has 8.7 years to maturity (maturing on 10/07/2034) and FXD1/2022/025 with 21.9 years left to maturity (maturing on 23/09/2047). The two bonds have coupon rates of 12.3400% and 14.1880%, respectively, and the CBK aims to raise a total of KES 40 billion for budgetary support.
The auction will open for sale from November 11, 2025, to November 19, 2025, with bids required to be submitted no later than 10:00 a.m. on the same day. The auction date has been scheduled for the same day, and the value and settlement date will be on November 24, 2025. Successful bidders are expected to make payments by the settlement date to finalize their allocations. The reopened Treasury bonds noncompetitive bids require a minimum investment amount of KES 50,000 with a maximum of KES. 50,000,000, while for competitive bids, the minimum amount is KES 2 million per CSD account per Tenor.
How to invest in CBK bonds
To invest in the treasury bonds, you must first open a CBK DhowCSD account on the app or website where you can monitor all upcoming bond prospectuses to be able to make a decision on a bond type and tenor. Once you do this, you can submit a competitive or non-competitive bid through the DhowCSD platform or USSD. Investors can check the weekly auction results on the CBK’s channels to see if bids were successful, and ensure payment is made by 2 pm on the settlement date.
Also read; Treasury Reopens Bonds to Raise KES 50B for Budgetary Support
