Kenya government bonds · settlement 19 Oct 2026 · KES
Kenya bond auction, 19 October 2026: FXD1/2026/030 at 14.183%
2 bond lines from the Central Bank of Kenya’s own result. Rates are the weighted average rate of accepted bids, percent per annum. The date is the settlement date, when the bonds were paid for and issued (19 Oct 2026), not the auction day, which came a few days earlier. Information, not advice.
Headline: 30-year bond FXD1/2026/030
14.18%
Largest amount accepted at this settlement date
Change vs this bond’s previous sale
−5.3 bp
14.24% on 21 Sep 2026
Accepted
KES 53.0bn
Against KES 50.0bn on offer
Bid cover
1.58×
Bids of KES 83.8bn ÷ accepted
The Central Bank of Kenya's bond auction dated 19 October 2026 was a re-opening of FXD1/2026/030 and SDB1/2011/030.
Bids came to KES 83.8bn against KES 50.0bn on offer (168% subscribed), and the Treasury accepted KES 53.0bn.
FXD1/2026/030 cleared at 14.183%, against a 12.500% coupon, with 29.4 years to maturity. Its previous sale, on 21 September 2026, priced at 14.236%, so the yield is down 5 basis points.
SDB1/2011/030 cleared at 13.651%, against a 12.000% coupon, with 14.3 years to maturity. Its previous sale, on 7 September 2026, priced at 13.694%, so the yield is down 4 basis points.
What this means for KES 100,000 of FXD1/2026/030
Worked from the published result · information, not advice
KES 5,625 every six months, after tax, for 29.4 years
At this auction KES 100,000 of face value cost about KES 88,342 (price 88.342 per 100), and the yield that implies is 14.18% a year. The coupon is 12.50%: KES 12,500 a year on KES 100,000 of face value, paid in two halves, KES 11,250 after 10% withholding tax.
Held to maturity (2056-03-13), that is about KES 330,739 in coupons, plus KES 11,658 gain between what you paid and the KES 100,000 repaid; roughly KES 342,397 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
Every line, 2 in all
Amounts in KES millions. Change is in basis points (100 bp = 1 percentage point) from the previous sale of the same bond line, whenever it was. Bid cover is bids received divided by the amount accepted.
- 30-yearFXD1/2026/030matures 13 Mar 2056
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 14.183%
- Previous
- 14.236% 2026-09-21
- Change, bp
- −5.3
- Bids, KESm
- 60,104
- Accepted, KESm
- 33,883
- Bid cover
- 1.77×
- Price /100
- 88.342
- Source
- notice
- 30-yearSDB1/2011/030matures 21 Jan 2041
- Sale
- reopening
- Coupon
- 12.000%
- Rate
- 13.651%
- Previous
- 13.694% 2026-09-07
- Change, bp
- −4.3
- Bids, KESm
- 23,722
- Accepted, KESm
- 19,162
- Bid cover
- 1.24×
- Price /100
- 91.997
- Source
- notice
| Bond | Sale | Coupon | Rate | Previous | Change, bp | Bids, KESm | Accepted, KESm | Bid cover | Price /100 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 30-yearFXD1/2026/030matures 13 Mar 2056 | reopening | 12.500% | 14.183% | 14.236% 2026-09-21 | −5.3 | 60,104 | 33,883 | 1.77× | 88.342 | notice |
| 30-yearSDB1/2011/030matures 21 Jan 2041 | reopening | 12.000% | 13.651% | 13.694% 2026-09-07 | −4.3 | 23,722 | 19,162 | 1.24× | 91.997 | notice |
Source notice: centralbank.go.ke. Compiled by Afronomics, data updated 2026-11-04. Information, not advice.
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Afronomics (2026). Kenya government bond auction, settlement 19 Oct 2026, compiled from the Central Bank of Kenya. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/kenya-bonds/2026-10-19
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