The government raised Sh260.05 billion from the primary bond market in the fourth quarter of 2025, according to a Capital Markets Authority (CMA) report.
CMA CEO Wyckliffe Shamiah said the funds came from the reopening of nine Treasury bonds, including a Savings Development Bond (SDB).
The report showed that trading activity in the secondary bond market fell during the period, with turnover dropping by Sh49.19 billion to Sh684.01 billion compared with the previous quarter.
However, on a year-on-year basis, bond market activity grew strongly. Turnover rose 70.92 per cent to Sh635.02 billion, up from Sh371.52 billion in the same quarter of 2024.
In the corporate bond market, outstanding issues were valued at Sh70.49 billion by the end of September 2025, with Linzi Asset Backed Securities holding the largest share at Sh44.8 billion. Trading of exchange-traded corporate bonds also increased, with the secondary market rising 89 per cent to Sh203.49 million from Sh107.85 million in the previous quarter.
The derivatives market also recorded strong growth, with turnover rising from Sh67 million to Sh149 million, while the number of deals increased 20.72 per cent. The volume of derivatives contracts jumped by over 1,200 per cent.
Meanwhile, total assets under management by Collective Investment Schemes (CIS) reached Sh679.6 billion by the end of September 2025, marking a 14 per cent increase.
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