Kenya Treasury bonds · auction of 26 August 2026
Kenya bond auction, 26 August 2026: FXD4/2019/010 at 11.239%
The Central Bank of Kenya's bond auction dated 26 August 2026 was a switch auction of FXD4/2019/010.
Bids came to KES 21.9bn against KES 15.0bn on offer (146% subscribed), and the Treasury accepted KES 21.8bn.
FXD4/2019/010 cleared at 11.239%, against a 12.280% coupon, with 3.2 years to maturity. Its previous sale, on 13 December 2021, priced at 12.642%, so the yield is down 140 basis points.
What this means for KES 100,000 of FXD4/2019/010
Worked from the published result · information, not advice
KES 5,219 every six months, after tax, for 3.2 years
At this auction KES 100,000 of face value cost about KES 106,085 (price 106.085 per 100), and the yield that implies is 11.24% a year. The coupon is 12.28%: KES 12,280 a year on KES 100,000 of face value, paid in two halves, KES 10,438 after 15% withholding tax.
Held to maturity (2029-11-12), that is about KES 33,550 in coupons, plus KES -6,084 loss between what you paid and the KES 100,000 repaid; roughly KES 27,466 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 |
|---|---|---|---|---|---|---|---|
| FXD4/2019/010 | switch | 11.239% | 12.280% | 3.2 | KES 21.89bn | KES 21.82bn | 106.085 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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