Kenya government bonds · settlement 9 Nov 2026 · KES
Kenya bond auction, 9 November 2026: FXD1/2026/030 at 14.127%
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: the result is published and the bonds settle on 9 Nov 2026. The auction itself was held a few days earlier. Information, not advice.
Headline: 30-year bond FXD1/2026/030
14.13%
Largest amount accepted at this settlement date
Change vs this bond’s previous sale
−5.6 bp
14.18% on 19 Oct 2026
Accepted
KES 70.9bn
Against KES 50.0bn on offer
Bid cover
1.40×
Bids of KES 99.5bn ÷ accepted
The Central Bank of Kenya's bond auction dated 9 November 2026 was a re-opening of FXD1/2026/030 and FXD3/2019/015.
Bids came to KES 99.5bn against KES 50.0bn on offer (199% subscribed), and the Treasury accepted KES 70.9bn.
FXD1/2026/030 cleared at 14.127%, against a 12.500% coupon, with 29.3 years to maturity. Its previous sale, on 19 October 2026, priced at 14.183%, so the yield is down 6 basis points.
FXD3/2019/015 cleared at 12.740%, against a 12.340% coupon, with 7.7 years to maturity. Its previous sale, on 5 October 2026, priced at 12.734%, so the yield is up 1 basis point.
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 29.3 years
At this auction KES 100,000 of face value cost about KES 89,392 (price 89.392 per 100), and the yield that implies is 14.13% 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 330,092 in coupons, plus KES 10,608 gain between what you paid and the KES 100,000 repaid; roughly KES 340,700 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.
- 15-yearFXD3/2019/015matures 10 Jul 2034
- Sale
- reopening
- Coupon
- 12.340%
- Rate
- 12.740%
- Previous
- 12.734% 2026-10-05
- Change, bp
- +0.7
- Bids, KESm
- 37,070
- Accepted, KESm
- 29,905
- Bid cover
- 1.24×
- Price /100
- 101.824
- Source
- notice
- 30-yearFXD1/2026/030matures 13 Mar 2056
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 14.127%
- Previous
- 14.183% 2026-10-19
- Change, bp
- −5.6
- Bids, KESm
- 62,398
- Accepted, KESm
- 40,955
- Bid cover
- 1.52×
- Price /100
- 89.392
- Source
- notice
| Bond | Sale | Coupon | Rate | Previous | Change, bp | Bids, KESm | Accepted, KESm | Bid cover | Price /100 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 15-yearFXD3/2019/015matures 10 Jul 2034 | reopening | 12.340% | 12.740% | 12.734% 2026-10-05 | +0.7 | 37,070 | 29,905 | 1.24× | 101.824 | notice |
| 30-yearFXD1/2026/030matures 13 Mar 2056 | reopening | 12.500% | 14.127% | 14.183% 2026-10-19 | −5.6 | 62,398 | 40,955 | 1.52× | 89.392 | 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 9 Nov 2026, compiled from the Central Bank of Kenya. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/kenya-bonds/2026-11-09
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