Kenya Treasury bonds · auction of 5 October 2026
Kenya bond auction, 5 October 2026: FXD1/2019/020 at 13.602%
The Central Bank of Kenya's bond auction dated 5 October 2026 was a re-opening of FXD1/2019/020 and FXD3/2019/015.
Bids came to KES 80.6bn against KES 50.0bn on offer (161% subscribed), and the Treasury accepted KES 57.5bn.
FXD1/2019/020 cleared at 13.602%, against a 12.873% coupon, with 12.5 years to maturity. Its previous sale, on 21 September 2026, priced at 13.611%, so the yield is down 1 basis point.
FXD3/2019/015 cleared at 12.734%, against a 12.340% coupon, with 7.8 years to maturity. Its previous sale, on 7 September 2026, priced at 12.763%, so the yield is down 3 basis points.
What this means for KES 100,000 of FXD1/2019/020
Worked from the published result · information, not advice
KES 5,793 every six months, after tax, for 12.5 years
At this auction KES 100,000 of face value cost about KES 95,677 (price 95.677 per 100), and the yield that implies is 13.60% a year. The coupon is 12.87%: KES 12,873 a year on KES 100,000 of face value, paid in two halves, KES 11,586 after 10% withholding tax.
Held to maturity (2039-03-21), that is about KES 144,326 in coupons, plus KES 4,323 gain between what you paid and the KES 100,000 repaid; roughly KES 148,648 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 |
|---|---|---|---|---|---|---|---|
| FXD1/2019/020 | reopening | 13.602% | 12.873% | 12.5 | KES 46.00bn | KES 28.90bn | 95.677 |
| FXD3/2019/015 | reopening | 12.734% | 12.340% | 7.8 | KES 34.56bn | KES 28.60bn | 100.654 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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