This is a debt security issued by the Central Bank of Kenya (CBK) on behalf of the government to raise funds to support the budget.

It is a long term investment ranging from 2 to 30 years.

When a customer invests in a Treasury Bond, they are usually lending money to the government and they earn interest on it. Bidding on the bonds is done on a monthly basis at an auction.

Benefits

• Risk free – the principle and interest payments are guaranteed
• Specified rate of interest paid during the life of the bond
• Face value repaid on maturity of the bond