The Central Bank of Kenya (CBK) has accepted bids worth Sh8.96 billion in a 15-year Treasury bond switch auction held on October 5, 2026.
The auction attracted bids totalling Sh9.08 billion against the Sh10 billion target, representing a performance rate of 90.81 per cent. The issue recorded a bid-to-cover ratio of 1.01.
The accepted securities carry a coupon rate of 12.65 per cent, while the market weighted average yield stood at 12.61 per cent.
Competitive bids accounted for Sh7.04 billion of the accepted amount, while non-competitive bids contributed Sh1.92 billion.
The results reflect continued investor participation in the government securities market as the CBK manages its debt portfolio through bond switch transactions.
