The Central Bank of Kenya (CBK) has issued a reminder to investors that they have just over a week left to participate in the current infrastructure bond offering. The offer, which features two reopened amortised bonds, is set to close on Wednesday, August 13, 2025.

“You have just over a week left to invest in the infrastructure bonds: 15-year (7.5 years to maturity) 12.5000% p.a., 19-year (15.6 years to maturity) 12.9650% p.a., coupon rate. Apply through DhowCSD in three easy steps,” the regulator announced through a post on its official X page.

The CBK is encouraging Kenyans to “Invest in Kenya’s Growth” and “Invest in Your Future”, as the proceeds from these infrastructure bonds are tax-free. These bonds provide a stable and predictable return and are seen as a relatively safe investment since they are backed by the Government of Kenya.

The bonds

The two infrastructure bonds currently on offer competitive coupon rates, 12.5000 per cent per annum for the 15-year bond and 12.9650 per cent per annum for the 19-year bond. Since these are amortised bonds, repayment of principal is done in phases throughout the life of the bond rather than as a lump sum at maturity. This offers some liquidity to investors while still earning interest.

Another key incentive is the tax-free status of the returns, which enhances overall earnings for bondholders. According to CBK, most treasury bonds carry semi-annual interest payments, giving investors a consistent stream of income every six months.

How to invest

Kenyans and eligible foreign investors can take advantage of the offer through the DhowCSD platform, either via the web portal or by downloading the mobile application. Interested parties must open a CDS account, choose the bond they want to bid on, and submit their application by the deadline.

The CBK advises all investors to carefully monitor its auction notices and prospectuses before making a bid. The minimum investment amount is Ksh 50,000, and payment for successful bids must be made by 2 pm on the settlement date.