The Central Bank of Kenya (CBK) has reopened two government Treasury bonds worth a combined Ksh50 billion, giving Kenyans an opportunity to invest in government securities and earn interest.
The offer targets individual and institutional investors, with the funds expected to support the government’s budgetary requirements. The bonds are fixed-coupon securities with original terms of 15 and 30 years, although they have approximately 7.3 years and 14.3 years remaining before maturity.
Investors can apply through the CBK’s DhowCSD platform, which provides online access to government securities.
To get started, applicants must register on the DhowCSD Investor Portal or download the mobile application. They need a national identity card or passport, KRA PIN, phone number, email address, passport-size photograph and bank account details.
Applicants must then choose how much they want to invest and select their preferred bidding option. Under non-competitive bidding, investors do not specify the interest rate they are willing to accept. The minimum investment is Ksh50,000, while the maximum is Ksh50 million per CSD account.
Investors opting for competitive bidding must invest at least Ksh2 million per bond. After entering the required information, applicants should review and submit their bids through the platform.
The CBK will stop accepting applications on Wednesday, November 18, 2026, at 10am. Successful bidders can check their DhowCSD accounts on November 20 for their payment keys and the amounts payable.
Payment must be completed by November 23, 2026, which is the settlement deadline.
The bonds will also be listed on the Nairobi Securities Exchange, where they can be traded in multiples of Ksh50,000. The CBK may accept bids fully or partially, or reject them.
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