STEP 1: Get bond application form from our offices/CBK or download it here.
STEP 2: Fill in your application form with your details, the details of the bond that you want to buy, the amount you want to bid and the rate at which you want to bid if a competitive bid. (NOTE: We provide bidding range advice in case you are unsure of what rate to bid)
STEP 3: After filling in the form, either deliver the form to the CBK directly or to our offices after which we will deliver the filled form to the CBK on your behalf.
STEP 4: Await the results of the bids to find out if your bid was accepted or rejected. Note that, for all non-competitive bids, your bod will be accepted, only competitive bids can be rejected. (The results are released two days after the bond closure date).
STEP 5: Upon successful application, send cash from your bank to CBK directly and after, you will have your bond placed in your CDS Account.
STEP 6: You will then receive coupon/interest payments every 6 months in your bank account directly from CBK. i.e. the bank account that will receive the interest payments is the one that is mapped to your CDS Account.
NOTE: For competitive bids, the CBK can accept and/or reject the bid fully or in part and need not give a reason, so ensure you are clear how much has been accepted since it is not always the case that they accept your bid in full. After bids are accepted, you have a small window to send your money to the CBK for the bond,i.e. deadline is the Monday following the results publish date. Failure to send your money by this date will have your bid rejected and your CDS account suspended.