The Central Bank of Kenya (CBK) has announced a tap sale of Treasury Bonds Issue Nos. FXD1/2020/015 and FXD1/2018/025, offering investors another opportunity to invest in long-term government securities. The tap sale seeks to raise Ksh15 billion and will be conducted on a first-come, first-served basis.

The exercise follows the recent reopening of the two bonds, which carry coupon rates of 12.756 per cent and 13.400 per cent, respectively.

According to the CBK notice dated Monday, June 8, 2026, the sale period commenced on Tuesday, June 9, 2026, and will run until Thursday, June 11, 2026, or upon attainment of the targeted amount, whichever comes first. Investors will be able to purchase the securities at prices determined by the weighted average rates accepted during the Treasury bond auction held on June 3, 2026, adjusted for accrued interest.

“The Central Bank of Kenya is pleased to offer eligible investors an opportunity to participate in a tap sale of the above Treasury bonds, whose details are as in the prospectus issued on 03/06/2026. The Tap Sale will be offered on a first-come, first-served basis,” CBK stated in the notice.

The Central Bank has noted that the minimum investment amount has been set at Ksh50,000, making the offer accessible to both retail and institutional investors. Successful bidders will be allotted securities on a first-come, first-served basis, reflecting the tap sale mechanism adopted by the CBK.

CBK sets payment deadline

The settlement date for the transaction is Monday, June 15, 2026, while payment details will be available through the CBK’s DhowCSD Investor Portal and mobile application. Investors are required to complete payments by 2:00 p.m. on Monday, June 15, 2026.

According to CBK, the two bonds on offer are among the government’s long-term debt instruments aimed at supporting budgetary financing needs. The FXD1/2020/015 bond is a 15-year fixed coupon bond maturing in February 2035, while FXD1/2018/025 is a 25-year bond maturing in May 2043.

CBK has noted that both securities attract a 10 per cent withholding tax and are listed on the Nairobi Securities Exchange, allowing investors to trade them before maturity.

CBK stated that the tap sale provides investors who may have missed the initial auction an opportunity to acquire the bonds under the same pricing framework used in the June 3 auction. The move is expected to help the government raise additional funds while offering investors attractive fixed returns over the long term.