Demand Surges in September Investor appetite for the 364-day Treasury bill has been unusually strong in September. According to the Central Bank of Kenya, bids for the paper have exceeded supply for two consecutive weeks, highlighting how investors are positioning themselves in a declining rate environment. On 8 September 2025, the CBK received bids worth […]

Redemption Details The National Treasury has successfully redeemed the 12-year tax-free infrastructure bond IFB1/2013/12, settling KSh 15.2 billion on 15 September 2025. The bond carried an 11% coupon and was originally structured as a multi-tranche amortised bond. It was first issued in September 2013, with two redemption points: This dual-tranche structure allowed the government to […]

Treasury’s New Bond Sale The Kenyan government is moving aggressively to secure financing for the 2025/26 fiscal year. The Central Bank of Kenya has announced the reopening of three long-term Treasury bonds — a 30-year Savings & Development Bond, a 25-year issue, and a 20-year bond — targeting Sh60 billion. If fully subscribed, this sale […]

Oversubscription of Treasury Bills Kenya’s appetite for Treasury bills is soaring. At the most recent auction held by the Central Bank of Kenya (CBK), investors placed bids worth KSh 38.8 billion against an advertised amount of KSh 24.0 billion, translating into a performance rate of 161.5%. The 364-day Treasury bill was the standout performer. While […]