Kenya Treasury bonds · auction of 7 October 2026
Kenya bond auction, 7 October 2026: FXD1/2018/015 at 12.611%
The Central Bank of Kenya's bond auction dated 7 October 2026 was a switch auction of FXD1/2018/015.
Bids came to KES 9.1bn against KES 10.0bn on offer (91% subscribed), and the Treasury accepted KES 9.0bn.
FXD1/2018/015 cleared at 12.611%, against a 12.650% coupon, with 6.6 years to maturity. Its previous sale, on 20 October 2025, priced at 12.652%, so the yield is down 4 basis points.
What this means for KES 100,000 of FXD1/2018/015
Worked from the published result · information, not advice
KES 5,376 every six months, after tax, for 6.6 years
At this auction KES 100,000 of face value cost about KES 105,072 (price 105.072 per 100), and the yield that implies is 12.61% a year. The coupon is 12.65%: KES 12,650 a year on KES 100,000 of face value, paid in two halves, KES 10,753 after 15% withholding tax.
Held to maturity (2033-05-09), that is about KES 70,830 in coupons, plus KES -5,072 loss between what you paid and the KES 100,000 repaid; roughly KES 65,758 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 |
|---|---|---|---|---|---|---|---|
| FXD1/2018/015 | switch | 12.611% | 12.650% | 6.6 | KES 9.08bn | KES 8.96bn | 105.072 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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