CBK Announces KSh30 Billion November 2025 Buyback Bond Auction

The Central Bank of Kenya (CBK) has announced the November 2025 Buyback Bond Auction, inviting investors to participate in a KSh30 billion Treasury bond repurchase programme scheduled for November 17, 2025.

According to the CBK prospectus, the buyback targets holders of the T-Bond issue FXD1/2023/003, which carries a 14.2280% coupon rate and matures on May 11, 2026. Participation in the auction is voluntary, allowing investors to sell back part or all of their bond holdings.

The bid submission deadline has been set for 10:00 a.m. on November 17, 2025, while the auction date will also take place on the same day. Successful bidders are expected to receive payments by November 19, 2025.

CBK has set the minimum non-competitive bid at KSh50,000 and the maximum at KSh50 million, while the minimum competitive bid is KSh2 million per Central Depository (CSD) account per tenor. The auction will use a multi-price bid system, meaning investors will receive varying yields based on their individual bids.

The central bank noted that all bids must be submitted electronically through the DhowCSD Investor Portal/App, emphasizing that it reserves the right to accept or reject applications in full or part without explanation.

Additionally, investors with pledged holdings must cancel such contracts at least five days before the buyback date to qualify for participation.

The CBK encouraged investors to use its online bond calculator for indicative pricing and directed inquiries to its Contact Centre or official website, reaffirming its commitment to maintaining transparency in the management of Kenya’s domestic debt instruments.