The two securities are the 15-year bond, FXD1/2019/015, and the 30-year bond, SDB1/2011/030. The first carries an annual coupon rate of 12.857 per cent, while the second offers 12.5 per cent, according to the published offer details.
The 15-year bond is due to mature on January 9, 2034, while the 30-year instrument matures on January 21, 2041. Both bonds have been reopened, meaning investors can purchase additional amounts of securities that were originally issued earlier.
The CBK requires investors to have active DhowCSD accounts to participate in the auction. Applications can be made through the DhowCSD Investor Portal or mobile application. Investors may also seek assistance through authorized commercial banks, investment banks and stockbrokers.
The bonds attract a withholding tax of 10 per cent on interest payments. Successful applicants will receive payment instructions through the DhowCSD platform, according to the reported auction guidelines.
The CBK has also retained the right to allocate the securities in full or on a pro-rata basis, depending on the applications received. This means investors may not necessarily receive the full amount requested.
The reopened bonds are intended to provide the government with additional domestic financing while offering investors an opportunity to earn interest through government securities.
Investors are advised to review the official CBK prospectus and complete their applications before the November 18 deadline.
Source: Central Bank of Kenya, November 2026 Treasury bond prospectus; People Daily; Business News Kenya.https://www.facebook.com/share/p/1HtwFECsNk/
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