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The 30-year bond, meanwhile, attracted bids worth Sh11.09 billion against an offer of Sh6 billion. This represented a performance rate of 18.49 per cent, with the CBK accepting Sh6.61 billion
CBK said the approval was granted on August 28 under Section 13(4) of the Banking Act, with the transaction expected to take effect once the agreement between the two companies is completed
The CBK said successful investors would receive details of the amount payable through the DhowCSD Investor Portal or application under the transactions section on September 4
The auction was conducted as a switch operation, allowing holders of specified government securities to exchange eligible source securities for the destination bond
The Market Perceptions Survey found that businesses remained broadly optimistic about the country’s economic prospects over the next 12 months, with lower lending rates, recovering tourism and construction, stronger private-sector credit and macroeconomic stability expected to support growth
The results also show that the government had room to select bids based on the rates offered by investors, with accepted bids reflecting the prevailing conditions in the domestic debt market
The reopened issues comprised the 20-year Treasury bond, FXD1/2019/020, which has 12.8 years remaining to maturity and is due on March 21, 2039, and the 25-year Treasury bond, FXD1/2022/025, which has 21.4 years remaining to maturity and will mature on September 23, 2047
The latest approvals, announced on Tuesday under Section 59(2) of the Central Bank of Kenya Act, come three months after CBK licensed 32 digital lenders in April 2026. The regulator said the move is part of an ongoing effort to ensure that digital lenders comply with legal requirements while safeguarding the interests of borrowers.
The new law creates a separate framework for emergency liquidity assistance, expands the CBK’s mandate and enhances parliamentary oversight in the appointment of deputy governors.
CBK described the initiative as a major milestone in the development of Kenya’s financial markets and a step towards deeper integration with the global financial system
The bonds were offered with coupon rates of 13.2000% for FXD1/2018/020 and 13.9240% for FXD1/2021/025. The allocated average rates for accepted bids were reported at 13.9885% and 14.8636%, respectively
The offer includes 15- and 25-year instruments with competitive coupon rates and secondary market listing on the Nairobi Securities Exchange