Skip to content
MSA TraderAFRICAN CAPITAL MARKETS
Sign inRequest access
Market intelligence
Funding issuanceKenyaDeveloping story

KCB unveils KSh300bn MTN programme with up to KSh100bn first tranche targeted for Oct 2026

On 19 August 2026 KCB Group published a Sustainability Bond Framework and announced a KSh300 billion Medium-Term Note programme over five years, with the first tranche targeted at up to KSh100 billion (subject to regulatory approvals) and a planned bidding window in October 2026.

MSA Market DeskEvent 19 August 2026Reviewed 2 min read

The desk brief

On 19 August 2026 KCB Group published a Sustainability Bond Framework and announced a KSh300 billion Medium-Term Note programme over five years, with the first tranche targeted at up to KSh100 billion (subject to regulatory approvals) and a planned bidding window in October 2026.

If issued as announced, a KSh100bn debut tranche would add substantial local-currency corporate supply to Kenya's domestic curve, creating a new large-bank benchmark and testing both domestic investor capacity and foreign demand for East African sustainability-labelled debt. Market impact will depend on final currency split, pricing, and regulatory approval; timing could influence secondary liquidity and NSE corporate bond stock.

Regulatory approval and publication of final prospectus/terms and pricing for the first tranche, expected October 2026.

Sources & verification

Developing story

Further independent confirmation is required.

Public references supporting this brief.

Was this brief useful?
Back to the briefing

Price Discovery

Kenya sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

11 priced bonds
10.89%9.66%8.44%7.22%6.00%20272032203720422048Kenya 27 · May 2027 · 6.647%Kenya 28 · Feb 2028 · 7.189%Kenya 31 · Feb 2031 · 8.149%Kenya 32 · May 2032 · 8.952%Kenya 33 · Oct 2033 · 9.153%Kenya 34 Jan · Jan 2034 · 9.338%Kenya 34 Feb · Feb 2034 · 9.792%Kenya 36 · Mar 2036 · 9.944%Kenya 38 · Oct 2038 · 10.204%Kenya 39 · Feb 2039 · 10.239%Kenya 48 · Feb 2048 · 9.964%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Kenya 27May 2027100.1886.647%
  • Kenya 28Feb 2028100.0637.189%
  • Kenya 31Feb 2031104.5008.149%
  • Kenya 32May 203296.5008.952%
  • Kenya 33Oct 203394.2509.153%
  • Kenya 34 JanJan 203484.2509.338%
  • Kenya 34 FebFeb 203491.1259.792%
  • Kenya 36Mar 203697.5009.944%
  • Kenya 38Oct 203890.87510.204%
  • Kenya 39Feb 203989.81310.239%
  • Kenya 48Feb 204884.9389.964%

Indicative levels only. Full bid/ask context and trading actions remain inside MSA Trader.

Open Price Discovery
All market intelligence