CBK Announces Sh15 Billion Treasury Bond Tap Sale in Latest Market Offer

Damaris Gatwiri

2 hours ago

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The Central Bank of Kenya (CBK) has announced a tap sale of Treasury Bonds Issue Nos. FXD1/2020/015 and FXD1/2018/025, offering investors an additional opportunity to invest in long-term government securities.

The tap sale seeks to raise Sh15 billion and will be conducted on a first-come, first-served basis.

The offer follows the recent reopening of the two bonds, which carry coupon rates of 12.756 per cent and 13.400 per cent respectively.

According to a CBK notice dated Monday, June 8, 2026, the sale opened on Tuesday, June 9, 2026, and will run until Thursday, June 11, 2026, or until the target amount is fully subscribed, whichever comes first.

Investors will purchase the securities at prices determined by the weighted average rates accepted in the Treasury bond auction held on June 3, 2026, adjusted for accrued interest.

“The Central Bank of Kenya is pleased to offer eligible investors an opportunity to participate in a tap sale of the above Treasury bonds, whose details are as in the prospectus issued on 03/06/2026. The Tap Sale will be offered on a first-come, first-served basis,” the bank said.

The minimum investment amount has been set at Sh50,000, allowing participation from both retail and institutional investors. Allocation will be strictly on a first-come, first-served basis under the tap sale structure.

The settlement date has been set for Monday, June 15, 2026, with payment details accessible through the CBK DhowCSD Investor Portal and mobile application. Investors are required to complete payments by 2:00 p.m. on the settlement date.

CBK noted that the two bonds are part of government long-term borrowing instruments used to support budget financing needs. FXD1/2020/015 is a 15-year fixed-coupon bond maturing in February 2035, while FXD1/2018/025 is a 25-year bond maturing in May 2043.

Both securities attract a 10 per cent withholding tax and are listed on the Nairobi Securities Exchange, allowing investors to trade them before maturity.