Bonds for Monthly Expenses — Serrari Markets
Bond Income Planning Tool

Bonds for Monthly Expenses

Treasury and infrastructure bonds pay interest twice a year.
By combining bonds with different payment months, you can create income every month.

Monthly income target: KES 100,000 · Required capital: ~KES 8.9M
CBK data · NSE prices · Updated daily

How it works

Each bond pays in two fixed months each year (for example March and September).
Own six bonds with different payment months and you receive 12 payments per year — one every month.

Infrastructure bonds are tax-exempt (as of March 2026, subject to legislative change) — you keep the full coupon. Government T-Bonds are taxed at 10% WHT for 10yr+ tenor (as of March 2026) or 15% WHT for under 10yr (as of March 2026).

1
Enter your monthly income target
How much you want the portfolio to pay each month
2
We select bonds
Prioritizing tax-exempt infrastructure bonds with coupons in each month
3
See your monthly calendar
See which bond pays each month, and how much

Your Monthly Income Planner

Enter your target monthly income and this tool estimates a bond allocation to illustrate how monthly income could work. Examples shown are illustrative and not projections of actual returns.

Your Bond Income Portfolio

—
Total Investment
—
Annual Income
—
Avg Monthly
—
Bonds in Portfolio
—
Portfolio Yield
—
Annual Tax Saved
Monthly Coupon Calendar

How to Buy Government Bonds

Open a CDS Account with CBK

Open a CDS account with the Central Bank of Kenya via the CBK DhowCSD portal or the DhowCSD mobile app. You'll need your national ID, KRA PIN, and a linked commercial bank account. Approval typically takes 1–3 days via the app.

💡 The CDS account is free to open and maintain

Fund Your Account

Ensure your linked bank account has sufficient funds for the purchase. The minimum investment per bond is KES 50,000 for non-competitive bids, in multiples of KES 50,000.

💡 Infrastructure bonds were KES 50,000 minimum (previously KES 100,000 for some older issues)

Buy at Primary Auction (New Issues)

CBK auctions bonds roughly monthly. Check the CBK Treasury Bonds page for upcoming auctions. Submit a non-competitive bid via DhowCSD to receive the auction's average rate. Bid before the deadline (usually Wednesday 10am).

💡 Non-competitive bids are ideal for retail investors — allocation at the weighted average rate, subject to auction participation rules

Buy on Secondary Market (Existing Bonds)

For bonds already in the market (like most in this planner), buy through an NSE-licensed broker at the current market price. Secondary trading happens in multiples of KES 50,000.

💡 Secondary market lets you buy specific bonds with coupon months you need to fill gaps

Build Month by Month

You can build the portfolio gradually. Start with 2–3 bonds covering different months, then add more as funds allow. Infrastructure bonds offer tax-exempt coupons (as of March 2026), which increases effective yield.

💡 Even 3 bonds (6 coupon payments) gives you income every 2 months — a strong start

Receive Coupons Automatically

Coupon payments are deposited directly into your linked bank account. No action required — the income flows automatically twice per year per bond. Reinvest maturing bonds to maintain your monthly income stream.

💡 Coupon payments hit your bank account automatically — regular coupon income
⚠ Planning tool only — not investment advice. Bond prices fluctuate on the secondary market — the prices shown are from NSE data and may differ when you trade. Coupon months are approximate (±10 days due to business day adjustments) — verify exact dates in the official CBK bond prospectuses. Past yields do not guarantee future returns. Always consult a licensed investment advisor before making investment decisions.

Data sources: Central Bank of Kenya (CBK), Nairobi Securities Exchange (NSE). Coupon schedules verified using CBK prospectuses.

Advertise on Serrari

Thanks for your interest in advertising with Serrari Group! Fill out the form below to get our Rate Card and explore partnership opportunities.

Your first and last name
The brand or company you represent
Where we'll send the Rate Card and follow-up
Optional — helpful if you prefer a quick call
Optional — your company website
Select all that apply
Helps us recommend the right options
Anything else we should know?
© Copyright 2026 Serrari. All rights reserved