Investors have been denied a premium return on the first infrastructure bond issuance in a year after the Central Bank of Kenya’s (CBK) reopened papers that rank among the lowest in returns in the market.
In the August 2026 sale, the CBK has reopened three previously issued bonds that pay annual interest of 11.75 percent, 12.67 percent and 12.74 percent, avoiding more lucrative options for investors whose annual return ranges from 13.7 percent to 18.5 percent.
