The Central Bank of Kenya (CBK) has reminded investors that time is running out to take advantage of the ongoing infrastructure bond offering, which is set to close on Wednesday, August 13, 2025.

The offer features two reopened amortized infrastructure bonds designed to fund key development projects, with CBK urging Kenyans to “Invest in Kenya’s Growth” and “Invest in Your Future.”

In a public notice shared on its official X (formerly Twitter) page, the regulator revealed that the bonds carry attractive tax-free returns, with the 15-year bond now with 7.5 years left to maturity offering a 12.5000% annual coupon rate.

The second bond, originally a 19-year paper now with 15.6 years to maturity, offers an even higher coupon rate of 12.9650% per annum. Since both are amortized bonds, investors will receive phased repayments of the principal amount over the life of the bond, instead of a one-time lump sum at maturity. This structure offers partial liquidity while allowing consistent interest earnings.

The CBK has positioned these infrastructure bonds as a safe and predictable investment option, especially attractive due to their tax-exempt status.

This exemption increases the net earnings for investors, making them particularly appealing compared to other investment vehicles. Additionally, the bonds carry semi-annual interest payments, ensuring a regular stream of income every six months.

Investors both Kenyan citizens and eligible foreign nationals can access the offer through the DhowCSD platform.

The platform is available as a web portal or mobile application, making it easy for individuals to open a Central Depository System (CDS) account, select their preferred bond, and submit their bid in three straightforward steps. The minimum investment amount is sh 50,000.

The CBK has advised all prospective investors to carefully read the auction prospectus and monitor official announcements to make informed decisions. Successful applicants must ensure full payment is made by 2:00 p.m. on the settlement date.

As the deadline draws near, the Central Bank is appealing to both seasoned and first-time investors to participate in the offer and contribute to Kenya’s long-term infrastructure development while securing stable, tax-free returns.