The Central Bank of Kenya (CBK) has launched a KSh 50 billion tap sale of two infrastructure bonds, following last week's significant oversubscription which saw KSh 228 billion in rejected bids.

• The sale, running from August 19 to August 21, 2025, includes the fifteen-year IFB1/2018/015 and nineteen-year IFB1/2022/019.
• The initial offer attracted bids worth KSh 323.4 billion against a target of KSh 90 billion, with CBK accepting KSh 95 billion.
• This tap sale aims to capitalize on strong investor interest in tax-free government securities, with allotment on a first-come, first-served basis.