Kenya government bonds · settlement 11 Nov 2026 · KES
Kenya bond auction, 11 November 2026: FXD4/2019/010 at 11.240%
One bond line 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 bonds settle today, 11 Nov 2026. The auction itself was held a few days earlier. Information, not advice.
Headline: 10-year bond FXD4/2019/010
11.24%
Largest amount accepted at this settlement date
Change vs this bond’s previous sale
+10 bp
11.14% on 9 Sep 2026
Accepted
KES 3.8bn
Against KES 10.0bn on offer
Bid cover
1.00×
Bids of KES 3.8bn ÷ accepted
The Central Bank of Kenya's bond auction dated 11 November 2026 was a switch auction of FXD4/2019/010.
Bids came to KES 3.8bn against KES 10.0bn on offer (38% subscribed), and the Treasury accepted KES 3.8bn.
FXD4/2019/010 cleared at 11.240%, against a 12.280% coupon, with 3.0 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 3.0 years
At this auction KES 100,000 of face value cost about KES 108,565 (price 108.565 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 31,350 in coupons, plus KES -8,565 loss between what you paid and the KES 100,000 repaid; roughly KES 22,785 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
The line sold
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.
- 10-yearFXD4/2019/010matures 12 Nov 2029
- Sale
- switch
- Coupon
- 12.280%
- Rate
- 11.240%
- Previous
- 11.140% 2026-09-09
- Change, bp
- +10
- Bids, KESm
- 3,786
- Accepted, KESm
- 3,786
- Bid cover
- 1.00×
- Price /100
- 108.565
- Source
- notice
| Bond | Sale | Coupon | Rate | Previous | Change, bp | Bids, KESm | Accepted, KESm | Bid cover | Price /100 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 10-yearFXD4/2019/010matures 12 Nov 2029 | switch | 12.280% | 11.240% | 11.140% 2026-09-09 | +10 | 3,786 | 3,786 | 1.00× | 108.565 | notice |
Source notice: centralbank.go.ke. Compiled by Afronomics, data updated 2026-11-09. Information, not advice.
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Afronomics (2026). Kenya government bond auction, settlement 11 Nov 2026, compiled from the Central Bank of Kenya. Retrieved 11 November 2026, from https://www.afronomicsfeed.com/markets/kenya-bonds/2026-11-11
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