CBK Invites Kenyans to Invest in Ksh50 Billion Treasury Bonds With As Little as Ksh50,000

In a prospectus issued on Tuesday, November 10, 2026, CBK invited investors to bid for the reopened 15-year and 30-year fixed-coupon bonds, which have 7.3 years and 14.3 years remaining to maturity, respectively.

The first bond, FXD1/2019/015, carries a coupon rate of 12.857 per cent and matures on January 9, 2034. The second, SDB1/2011/030, offers a coupon rate of 12.5 per cent and will mature on January 21, 2041.

Both bonds attract a 10 per cent withholding tax.

The sale period runs from November 10 to November 18, 2026, with the bid submission deadline set for 10 am on November 18. The auction will take place on November 23, with settlement scheduled for November 25, 2026.

Investors can participate through active DhowCSD accounts, with non-competitive bids starting at Ksh50,000 and capped at Ksh50 million.

For competitive bids, the minimum investment is Ksh2 million per Central Securities Depository (CSD) account for each bond tenor.

The auction will be conducted through a multi-price bidding system, allowing the CBK to allocate the bonds in full or on a pro-rata basis. The Central Bank also reserves the right to accept applications in full, partially or reject them altogether without providing reasons.

Successful bidders will be required to obtain their payment keys and amounts payable through the CBK DhowCSD Investor Portal or application under the Transactions tab on Friday, November 20, 2026.

“All successful bidders should obtain the payment key and amount payable from the CBK DhowCSD Investor Portal/App under the transactions tab on Friday, 20-Nov-2026, for FXD1/2019/015 and SDB1/2011/030,” the statement read.

The bonds will begin secondary trading on the Nairobi Securities Exchange (NSE) on November 23, 2026, in multiples of Ksh50,000.

The CBK further stated that the securities would qualify towards statutory liquidity ratio requirements for commercial banks and non-bank financial institutions under the Banking Act.

Also Read: How AI Could Revolutionise the Way CBK Monitors Kenya’s Economy

Investors seeking to redeem the bonds before maturity can access the Central Bank’s rediscounting facility as a last resort.

However, rediscounting will attract a rate of three percentage points above the prevailing market yield or coupon rate, whichever is higher. The prospectus also allows the Central Bank to reopen the bonds at a future date.

Additionally, CBK stated that investors can use Government Securities as collateral to secure loans from regulated financial institutions.

However, any pledge that remains active at least five days before the securities mature will result in the securities being automatically transferred to the lender’s account.

Also Read: CBK Summons Two Banks Struggling to Raise Capital

Investors seeking to purchase the reopened Treasury bonds must first open a DhowCSD account with the Central Bank of Kenya (CBK).

Those without an account can register online using a mobile phone or computer with internet access. The registration process requires applicants to provide a valid email address, an active mobile number registered with a Kenyan network, their Kenya Revenue Authority (KRA) PIN and settlement bank account details.

Applicants must also upload a recent passport-size photograph and a valid identification document, such as a national identity card, passport or alien card.

According to the CBK, applicants must complete registration within seven days. Applications that remain incomplete after this period are automatically deleted from the system.

Once the application is approved, investors receive a username through email. They can then use the username and their registered email address to access the DhowCSD Investor Portal or mobile application.

The CBK also permits joint DhowCSD accounts, although each holder must first register an individual account.

Janeffer Katila is a dedicated journalist known for her investigative skills, commitment to truth, and ability to inspire change. She excels in uncovering impactful stories, connecting with sources, and crafting engaging narratives that drive societal improvements. She has cultivated her storytelling skills and developed a talent for creating content that is both accurate and compelling. Her work is characterized by accuracy, fairness, and a passion for social justice. She holds a bachelor’s degree in journalism and mass communication from Kibabii University. She can be reached at [email protected]

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