The Central Bank of Kenya (CBK) has reopened bids for two long-term fixed-coupon Treasury bonds, giving Kenyans an opportunity to invest in government securities from as low as Ksh50,000.
According to the prospectus issued by the CBK on February 27, the reopened bonds include 20 and 25-year fixed-coupon Treasury Bonds, both aimed at raising a total of Ksh60 billion for budgetary support.
The 20-year bond issued FXD1/2019/020 has 13.1 years to maturity, a coupon rate of 12.873%, and matures on 21 March 2039.
The 25-year bond (FXD1/2021/025) has 20.1 years to maturity, a coupon rate of 13.924%, and matures on 9 April 2046. Both bonds are subject to a 10% withholding tax.
CBK stated that the period of sale runs from February 26, with bid submission closing on March 11at 10:00 AM.
The auction will also be held on March 11, and successful bidders are required to settle payment on 16 March 2026.
Investors placing non-competitive bids range from Ksh50,000 to Ksh50,000,000.
CBK Invites Kenyans to Invest in Ksh60 Billion Treasury Bonds with as Low as 50K
On the other hand, competitive bidders are required to invest a minimum of Ksh2 million per Central Securities Depository (CSD) account per tenor.
The Central Bank stated that all successful bidders should obtain the payment key and amount payable from the CBK DhowCSD Investor Portal/App under the transactions tab on March 13, 2026.
“All successful bidders should obtain the payment key and amount payable from the CBK DhowCSD Investor Portal/App under the transactions tab on Friday, 13/03/2026, for XD1/2019/020 and FXD1/2021/025,” read part of the statement.
Defaulters may be suspended from future government securities investment.
The bonds will be listed on the Nairobi Securities Exchange (NSE) and qualify for statutory liquidity ratio requirements for commercial banks and non-bank financial institutions.
The regulator added that secondary trading in multiples of Ksh50,000 will commence on March 16, 2026.
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How to Invest in the Treasury Bonds
To invest, individuals must first have a DhowCSD account or register for one. Registration requires a valid email address, a mobile phone or computer, and an active, registered mobile number with a Kenyan mobile network operator.
Applicants must also provide their Kenya Revenue Authority (KRA) PIN, settlement bank details, and copies of required documents, including a clear passport-size photo and an identification document such as a national ID, passport, or alien card.
Also Read: CBK Publishes Kenyan Banks Offering Lowest and Highest Loan Rates
CBK requires that the registration process be completed within seven days. If this does not happen, the system automatically deletes the incomplete profile.
Once the account has been created, the user receives an email with their assigned username. This username or email will be used for all future logins.
Joint accounts can be created, but only after each participant has an active individual profile. Any requests to change an email address or settlement details must be submitted to CBK for processing.
After approval, which typically takes two to three days, investors may log in to the DhowCSD portal or application, available on Play Store and App Store, to view the available Treasury bills and bonds. They can place bids using the BUY/SELL option on the platform.
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