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Originally published by The Kenyan Wall Street
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September 18, 2025
2h ago

CBK Raises KSh 61.4Bn from Long-Term Bond Reopenings After 30-Year Flop

CBK Raises KSh 61.4Bn from Long-Term Bond Reopenings After 30-Year Flop

CBK raised KSh 61.4Bn from two oversubscribed long-term bond reopenings after a failed 30-year sale, signalling investor preference for shorter long-dated maturities...

✨ Key Highlights

The Central Bank of Kenya (CBK) successfully raised KSh 61.44 billion from the reopening of two long-dated Treasury bonds following an earlier weak performance in its September bond sale program. This strong demand for the 20-year and 25-year bonds reversed a prior setback with a 30-year bond.

  • The 20-year FXD1/2018/020 and 25-year FXD1/2022/025 bonds attracted bids totaling KSh 97.29 billion against a KSh 40 billion offer, a performance rate of 243.2 percent.
  • The CBK accepted KSh 23.51 billion from the 20-year bond, which cleared at 13.58%, and KSh 37.93 billion from the 25-year bond, which priced at 14.14%.
  • Previously, the CBK only raised KSh 2.40 billion from the reopening of the 30-year Savings Development Bond (SDB1/2011/030), which had a performance rate of 40.35%.

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