Treasury bonds.
The Central Bank of Kenya (CBK) has successfully concluded a tap sale of the FXD1/2020/015 Treasury bond, accepting bids worth Sh12.59 billion out of a total Sh13.24 billion submitted at face value.
According to the results released by CBK on April 10, 2025, the bond, which was originally issued in 2020, had a total advertised amount of Sh10 billion.
The average rate for accepted bids stood at 13.662 percent, while the coupon rate for the bond remains at 12.756 percent.
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The adjusted average price per Sh100 was recorded at 97.0749.
The FXD1/2020/015 is a medium to long-term debt instrument that continues to attract significant interest from the market, indicating sustained investor confidence in government securities.
Treasury bond tap sales allow the CBK to raise additional funds from previously issued bonds without launching an entirely new issue.
The proceeds typically go towards funding budgetary needs and supporting government development initiatives.
