Kenya Treasury bonds · auction of 20 April 2026
Kenya bond auction, 20 April 2026: FXD1/2026/030 at 13.755%
The Central Bank of Kenya's bond auction dated 20 April 2026 was a re-opening of FXD1/2026/030 and SDB1/2011/030.
Bids came to KES 38.3bn against KES 20.0bn on offer (192% subscribed), and the Treasury accepted KES 30.1bn.
FXD1/2026/030 cleared at 13.755%, against a 12.500% coupon, with 29.9 years to maturity.
SDB1/2011/030 cleared at 12.996%, against a 12.000% coupon, with 14.8 years to maturity. Its previous sale, on 8 December 2025, priced at 13.325%, so the yield is down 33 basis points.
What this means for KES 100,000 of FXD1/2026/030
Worked from the published result · information, not advice
KES 5,625 every six months, after tax, for 29.9 years
At this auction KES 100,000 of face value cost about KES 91,042 (price 91.042 per 100), and the yield that implies is 13.76% a year. The coupon is 12.50%: KES 12,500 a year on KES 100,000 of face value, paid in two halves, KES 11,250 after 10% withholding tax.
Held to maturity (2056-03-13), that is about KES 336,345 in coupons, plus KES 8,958 gain between what you paid and the KES 100,000 repaid; roughly KES 345,303 in all after tax.
Sold before maturity, the price moves with rates: if yields rise, the bond is worth less; if they fall, more. The Central Bank’s minimum bid is KES 50,000. Compare with bills, funds and deposits after tax →
Results
By bond
| Bond | Sale | Yield | Coupon | Years left | Bids | Accepted | Price /100 |
|---|---|---|---|---|---|---|---|
| FXD1/2026/030 | reopening | 13.755% | 12.500% | 29.9 | KES 31.28bn | KES 23.49bn | 91.042 |
| SDB1/2011/030 | reopening | 12.996% | 12.000% | 14.8 | KES 7.05bn | KES 6.57bn | 95.787 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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