The Central Bank of Kenya (CBK) has announced the opening of a Sh50 billion tap sale for two Treasury Bonds, giving investors another chance to participate in government securities on a first-come-first-served basis.
According to the notice issued on Tuesday, the offer runs from Tuesday until Thursday, or until the targeted amount is fully subscribed.
The tap sale covers two bonds, IFB1/2018/015 and IFB1/2022/019, with settlement scheduled for Monday.
CBK stated that, “Bids shall be priced at the average rate of the accepted bids for the Treasury Bond auction value dated 18/08/2025 and adjusted for accrued interest.”
The central bank confirmed that bids will only be allotted on a first-come-first-served basis.
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For the IFB1/2018/015 bond, the average yield stands at 12.9934 per cent, while IFB1/2022/019 is priced at 13.9991 per cent.
The adjusted average prices per Sh100.00 are 99.3937 for IFB1/2018/015 and 94.8458 for IFB1/2022/019.
The coupon rates remain at 12.5000 per cent and 12.9650 per cent respectively.
Investors have been advised to take note of the key dates.
Auction results will be accessible from the DhowCSD Investor Portal or app under the transactions tab on Friday.
Payments for successful bids must be completed by 2.00 pm on Monday.
The CBK emphasised that the allocation will strictly adhere to the order in which bids are received, stating, “Bids will be allotted on a first-come-first-served basis.”
With the government keen on meeting its funding needs through domestic borrowing, the Sh50 billion tap sale provides investors with another opportunity to lock into long-term bonds at competitive rates.
