The Central Bank of Kenya (CBK) has raised KSh53.05 billion through the reopening of two 30-year Treasury bonds, exceeding its initial offer of KSh50 billion.
According to results released on Wednesday, October 14, 2026, the government received bids worth KSh83.83 billion against the KSh50 billion target, representing a strong investor response to the debt instruments.
The two bonds, SDB1/2011/030 and FXD1/2026/030, attracted bids worth KSh23.72 billion and KSh60.10 billion, respectively.
CBK accepted bids amounting to KSh19.16 billion for the first bond and KSh33.88 billion for the second, bringing the total accepted amount to KSh53.05 billion.
The overall performance rate stood at 167.65 per cent, while the combined bid-to-cover ratio was 1.58, indicating that investors submitted bids equivalent to 1.58 times the amount offered.
The SDB1/2011/030 bond, which has 14.4 years remaining to maturity and a coupon rate of 12 per cent, recorded a market-weighted average rate of 13.7159 per cent.
Meanwhile, the FXD1/2026/030 bond, with 29.6 years remaining to maturity and a coupon rate of 12.5 per cent, posted a market-weighted average rate of 14.2789 per cent.
The Central Bank indicated that the proceeds would result in net new borrowing of KSh53.05 billion, with no redemptions recorded under the auction results.
The reopening of Treasury bonds forms part of the government’s domestic borrowing programme, which seeks to raise funds from the local debt market to support public financing needs.
CBK also announced that details of the Treasury bond issue scheduled for November 2026 will be provided in a prospectus ahead of the issue date. The terms will include the bond’s maturity period, amount on offer, coupon rate and other conditions.
