Kenya Treasury bills · auction of 15 June 2026
Kenya T-bill auction, 15 June 2026: 91-day at 8.707%, up 15 bps
At the Treasury bill auction dated 15 June 2026, the Central Bank of Kenya cleared the 91-day bill at 8.707% (up 15 basis points), the 182-day bill at 8.601% (up 8 basis points) and the 364-day bill at 8.871% (up 11 basis points).
Demand was strong: bids totalled KES 39.3bn against KES 24.0bn on offer, a subscription rate of 164%. The government accepted KES 32.6bn, or 83% of what was bid.
The 91-day paper drew the most interest relative to its size, at 821% subscribed.
At 8.707%, the 91-day rate is the highest in the 52 auctions of the past year.
What this means for KES 100,000
Worked from the published rate · information, not advice
KES 7,541 in 12 months on the 364-day bill, after tax
Put KES 100,000 into the 364-day bill at this auction and you get back KES 107,541 after 12 months: KES 7,541 in interest after 15% withholding tax (KES 8,871 before), about KES 628 a month.
That is KES 92 more than the same money would have earned at the previous auction.
For shorter money: KES 3,655 on the 182-day bill (6 months), KES 1,850 on the 91-day bill (3 months).
The Central Bank’s minimum bid is KES 100,000, and the government pays the full amount at maturity; the risk is Kenya’s government not paying, and the money is locked until then.
Kwa Kiswahili
Ukiweka KES 100,000 kwenye hati ya siku 364 kwa riba ya mnada huu, utarudishiwa KES 107,541 baada ya miezi 12: riba ya KES 7,541 baada ya kodi ya zuio ya 15% (KES 8,871 kabla ya kodi), yaani takriban KES 628 kwa mwezi.
Hiyo ni KES 92 zaidi ya kiasi ambacho pesa hiyo hiyo ingepata kwenye mnada uliopita.
Kiwango cha chini cha Benki Kuu ni KES 100,000. Serikali hulipa yote mwishoni mwa muda; hatari ni serikali kushindwa kulipa, na pesa haipatikani hadi muda uishe.
Compare with money market funds and bank deposits, after tax →
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Subscription | Accepted | Price /100 |
|---|---|---|---|---|---|---|---|
| 91-day | 8.707% | 8.559% | KES 4.00bn | KES 32.83bn | 821% | KES 26.86bn | 97.875 |
| 182-day | 8.601% | 8.525% | KES 10.00bn | KES 4.38bn | 44% | KES 3.90bn | 95.888 |
| 364-day | 8.871% | 8.763% | KES 10.00bn | KES 2.14bn | 21% | KES 1.85bn | 91.872 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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