Investors holding this three-year bond can now sell back up to KSh 30 billion before its maturity in May 2026.
This move is part of CBK’s plan to manage government debt, improve market liquidity, and make the bond market more efficient as 2026 approaches.
The bond carries a 14.228% fixed coupon rate and has just over six months left before it matures.
CBK invited investors with unencumbered portions of the bond to participate in the buyback.
The auction runs from October 23 to November 17, 2025, with bids closing on November 17 at 10:00 a.m. Successful bidders will be paid on November 19.
Investors can submit competitive bids starting at KSh 2 million per account or non-competitive bids ranging from KSh 50,000 to KSh 50 million.
Participation is optional, and investors with pledged bonds must cancel pledges at least five days before payment to qualify.
The bond, originally issued in 2023, had a total outstanding value of about KSh 76.54 billion.
This buyback effort aims to smooth the government’s debt repayment process while helping investors manage their portfolios.
CBK Governor Kamau Thugge said the buyback supports healthy trading in the secondary market and helps avoid large lump-sum payments at maturity.
Investors interested in the buyback can track their bid status on the DhowCSD Investor Portal or App after November 17.
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