Treasury Settles KSh 29.7Bn Tax-Free 2022 IFB, FY25/26 First-Half Redemptions Reach KSh 139.6Bn

The government settled a major obligation today after the Treasury paid the final amortization of the tax-free IFB1/2022/006, clearing KSh 29.7B in interest and principal for holders on record as of 27 November.

• •The bond, issued in 2022 with a 13.215% coupon, marked its maturity on 1 December and comprises a KSh 5.337B original tranche and a KSh 24.375B switch tap.
• •The settlement comes as the Treasury works through a heavy redemption schedule between July and December.
• •By today, maturities have reached KSh 139.6B, driven primarily by the August expiry of the FXD1/2023/002 line.

That bond accounts for KSh 94.638B across nine tranches issued between August 2023 and July 2024, all carrying a 16.9723% coupon.

September added the KSh 15.205B redemption of IFB1/2013/12, an infrastructure bond issued in 2013 at an 11% coupon.

Today’s IFB redemption closes the final obligation before the year’s remaining maturity cluster on 8 December. Three tranches of FXD2/2010/15 fall due on that date, totaling KSh 25.2B. The line includes issues from 2010, 2011, and 2020, each priced at a 9 percent coupon.

These will complete the July–December section of FY25/26’s redemption calendar before a heavier maturity load develops from January to June 2026.