Kenya Treasury bonds · auction of 8 June 2026
Kenya bond auction, 8 June 2026: FXD1/2020/015 at 13.312%
The Central Bank of Kenya's bond auction dated 8 June 2026 was a re-opening of FXD1/2018/025 and FXD1/2020/015.
Bids came to KES 34.4bn against KES 40.0bn on offer (86% subscribed), and the Treasury accepted KES 34.4bn.
FXD1/2018/025 cleared at 14.230%, against a 13.400% coupon, with 17.0 years to maturity. Its previous sale, on 6 April 2026, priced at 12.987%, so the yield is up 124 basis points.
FXD1/2020/015 cleared at 13.312%, against a 12.756% coupon, with 8.7 years to maturity. Its previous sale, on 6 April 2026, priced at 12.185%, so the yield is up 113 basis points.
What this means for KES 100,000 of FXD1/2020/015
Worked from the published result · information, not advice
KES 5,421 every six months, after tax, for 8.7 years
At this auction KES 100,000 of face value cost about KES 101,062 (price 101.062 per 100), and the yield that implies is 13.31% a year. The coupon is 12.76%: KES 12,756 a year on KES 100,000 of face value, paid in two halves, KES 10,843 after 15% withholding tax.
Held to maturity (2035-02-05), that is about KES 93,925 in coupons, plus KES -1,062 loss between what you paid and the KES 100,000 repaid; roughly KES 92,863 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 |
|---|---|---|---|---|---|---|---|
| FXD1/2018/025 | reopening | 14.230% | 13.400% | 17.0 | KES 14.23bn | KES 14.22bn | 101.161 |
| FXD1/2020/015 | reopening | 13.312% | 12.756% | 8.7 | KES 20.16bn | KES 20.16bn | 101.062 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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