Kenya reopens FXD1/2019/020, accepts KES 57.5bn at 13.602% (settlement 5 Oct 2026)

On 5 October 2026 Kenya reopened FXD1/2019/020; bids were KES 80.6bn and the Treasury accepted KES 57.5bn. The line cleared at 13.602%, one basis point lower than its previous sale on 21 Sep 2026 (13.611%), tightening that point on the local curve.

A larger-than-offer accepted reopening increases available benchmark stock at the 12.5-year point, which can lower marginal domestic funding costs and compress corporate KES yields that reference the sovereign curve. The effect depends on secondary market turnover and whether the accepted stock is held by long-term buyers or quickly traded; it does not by itself indicate a change in USD spreads or FX moves.

Monitor secondary-market trading and the CBK/auction calendar for the next comparable reopening or new long-tenor sale.