The Central Bank of Kenya (CBK) has announced a tap sale of Treasury Bonds Issue Nos. FXD1/2020/015 and FXD1/2018/025, giving investors another chance to put money into long-term government securities. The sale will target Ksh15 billion and will run on a first-come, first-served basis.
The move comes after CBK reopened the two bonds. The instruments now carry coupon rates of 12.756% and 13.400%, respectively.
In a notice dated Monday, June 8, 2026, CBK said the sale period begins on Tuesday, June 9, 2026, and will continue through Thursday, June 11, 2026, or until the targeted amount is reached – whichever occurs first.
Investors will buy the bonds at prices set using the weighted average rates accepted during the Treasury bond auction held on June 3, 2026, with adjustments 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,” CBK said in the notice.
The Central Bank has set the minimum investment at Ksh50,000, widening access for both retail and institutional investors. CBK will allocate securities to successful bidders on a first-come, first-served basis, reflecting the tap sale approach it has adopted for the exercise.
CBK said the settlement date for the transaction will be Monday, June 15, 2026. Investors can find payment instructions through the CBK’s DhowCSD Investor Portal and mobile application, and they must complete payments by 2:00 p.m. on the same day.
CBK added that the two bonds serve as part of the government’s long-term debt framework to support budgetary financing requirements. It described FXD1/2020/015 as a 15-year fixed-coupon bond maturing in February 2035, while FXD1/2018/025 runs for 25 years and matures in May 2043.
The national monetary authority said both securities attract a 10% withholding tax and trade on the Nairobi Securities Exchange, which allows investors to buy and sell them before maturity.
CBK also noted that the tap sale gives investors who missed the initial auction a chance to acquire the bonds under the same pricing framework applied in the June 3 sale. The central bank expects the offer to help the government raise additional funds while giving investors fixed returns over the long term.
