Kenya Treasury bonds · auction of 15 June 2026
Kenya bond auction, 15 June 2026: FXD1/2020/015 at 13.312%
The Central Bank of Kenya's bond auction dated 15 June 2026 was a tap sale of FXD1/2018/025 and FXD1/2020/015.
Bids came to KES 8.8bn against KES 15.0bn on offer (58% subscribed), and the Treasury accepted KES 8.4bn.
FXD1/2018/025 cleared at 14.230%, against a 13.400% coupon, with 16.9 years to maturity. Its previous sale, on 8 June 2026, priced at 14.230%, so the yield is unchanged.
FXD1/2020/015 cleared at 13.312%, against a 12.756% coupon, with 8.6 years to maturity. Its previous sale, on 8 June 2026, priced at 13.312%, so the yield is unchanged.
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 8.6 years
At this auction KES 100,000 of face value cost about KES 101,313 (price 101.313 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 93,717 in coupons, plus KES -1,313 loss between what you paid and the KES 100,000 repaid; roughly KES 92,404 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 | tap | 14.230% | 13.400% | 16.9 | KES 2.64bn | KES 2.50bn | 94.728 |
| FXD1/2020/015 | tap | 13.312% | 12.756% | 8.6 | KES 6.12bn | KES 5.95bn | 101.313 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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