Kenya Treasury bonds · auction of 29 June 2026
Kenya bond auction, 29 June 2026: FXD1/2021/025 at 14.864%
The Central Bank of Kenya's bond auction dated 29 June 2026 was a tap sale of FXD1/2018/020 and FXD1/2021/025.
Bids came to KES 31.0bn against KES 20.0bn on offer (155% subscribed), and the Treasury accepted KES 29.2bn.
FXD1/2018/020 cleared at 13.989%, against a 13.200% coupon, with 11.7 years to maturity. Its previous sale, on 22 June 2026, priced at 13.989%, so the yield is unchanged.
FXD1/2021/025 cleared at 14.864%, against a 13.924% coupon, with 19.8 years to maturity. Its previous sale, on 22 June 2026, priced at 14.864%, so the yield is unchanged.
What this means for KES 100,000 of FXD1/2021/025
Worked from the published result · information, not advice
KES 6,266 every six months, after tax, for 19.8 years
At this auction KES 100,000 of face value cost about KES 96,135 (price 96.135 per 100), and the yield that implies is 14.86% a year. The coupon is 13.92%: KES 13,924 a year on KES 100,000 of face value, paid in two halves, KES 12,532 after 10% withholding tax.
Held to maturity (2046-04-09), that is about KES 247,853 in coupons, plus KES 3,865 gain between what you paid and the KES 100,000 repaid; roughly KES 251,718 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 |
|---|---|---|---|---|---|---|---|
| FXD1/2018/020 | tap | 13.989% | 13.200% | 11.7 | KES 6.39bn | KES 6.10bn | 99.273 |
| FXD1/2021/025 | tap | 14.864% | 13.924% | 19.8 | KES 24.62bn | KES 23.14bn | 96.135 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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