The Central Bank of Kenya (CBK) has accepted bids worth KSh53.05 billion from investors in reopened auctions for two Treasury bonds, raising funds through securities with maturities of 14.4 years and 29.6 years, according to results that were released on October 14, 2026.
The auctions covered bond issues SDB1/2011/030 and FXD1/2026/030, with the central bank offering a combined KSh50 billion.
Investors submitted bids totalling KSh83.83 billion, exceeding the amount offered by KSh33.83 billion.
The overall performance rate stood at 167.65%, reflecting demand that was approximately 1.68 times the amount offered. The CBK accepted KSh53.05 billion, including KSh22.39 billion in competitive bids and KSh30.66 billion in non-competitive bids.
The first bond, SDB1/2011/030 has a remaining maturity of 14.4 years and a coupon rate of 12%.
It attracted bids worth KSh23.72 billion, against which the CBK accepted KSh19.16 billion.
Its bid-to-cover ratio stood at 1.24, while the weighted average rate of accepted bids was 13.65%.
The second bond, FXD1/2026/030 has a remaining maturity of 29.6 years and a coupon rate of 12.5%.
It attracted bids worth KSh60.10 billion, with KSh33.88 billion accepted.
The bond recorded a bid-to-cover ratio of 1.77 and a weighted average rate of accepted bids of 14.18%.
The results show that the longer-dated bond attracted a larger volume of bids and had a higher weighted average accepted rate than the 14.4-year bond.
The central bank of Kenya also indicated that the accepted proceeds would result in new borrowing of KSh53.05 billion, with no redemptions recorded in the results.
Meanwhile, the central bank announced that details of Treasury bond issues will be scheduled for November 2026 and would be providing in the relevant prospectus before the issue date.
The terms will include the maturity period, amounts, coupon rates and other issuance conditions.
The results were signed off by Robert Aloo, who is the Director of Financial Markets, on the October 14 2026.
