Budgetary Support Drive: Central Bank Seeks Ksh50 Billion Through Fixed-Coupon Paper Offer

The Central Bank of Kenya (CBK) has officially invited bids for a reopened double-tranche Treasury bond offer seeking to raise Ksh50 billion for government budgetary support.

In a prospectus released on Tuesday, November 10, 2026, the fiscal agent announced that the issue features a relatively low minimum investment threshold of Ksh50,000, aimed at encouraging retail participation alongside institutional investors across the country.

The issue comprises two fixed-coupon benchmark Treasury bonds—a 15-year paper with approximately 7.3 years remaining to maturity carrying a coupon rate of 12.857 percent, and a 30-year paper with about 14.3 years remaining to maturity offering a coupon rate of 12.5 percent.

According to the issuance timeline published by CBK, the sale period opened on November 10, 2026, with all bid submissions scheduled to close on Wednesday, November 18, 2026, at 10:00 AM.

CBK highlighted that bidding will be conducted on a multi-price auction basis through the DhowCSD investor portal and mobile application framework.

Successful investors will earn bi-annual coupon payments until final maturity dates set for January 2034 and January 2041 respectively, while secondary market trading for the allocated units will subsequently commence on the Nairobi Securities Exchange (NSE).

Market analysts view the competitive coupon structure as a strategic effort to mobilize domestic capital, stabilize government debt service schedules, and broaden domestic financial inclusion.

Setting an accessible entry point allows individual households and small investment groups to access secure government paper while diversifying their savings portfolios.

As the bidding window progresses toward the November 18 deadline, interest across financial markets remains focused on final yield outcomes.

Expanding public participation in sovereign debt instruments remains central to strengthening Kenya’s local currency capital market ecosystem.

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https://peopledaily.digital/business/cbk-announces-new-treasury-bond-offer-with-minimum-investment-of-ksh50000

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