Central Bank of Kenya(CBK) accepted bids worth KSh 23.1 Billion at this Thursday’s Treasury Bills Auction out of KSh 24 Billion on offer after the state fiscal agent received bids worth KSh 23.2 Billion, an undersubscription of 96.6%.
The 91-day Treasury Bill continued to be the most attractive debt instrument where the fiscal agent received bids worth KSh 21.6 Billion, an oversubscription of 538.78% with the CBK accepting KSh 21.5 Billion.
The least attractive debt instrument was the one-year Treasury Bills which received bids worth KSh 623.9 Million out of KSh 10 billion on offer, an undersubscription of 6.24% with the monetary authority accepting KSh 621 Million.
The 3-month Treasury Bills received bids worth KSh 960.5 Million, an underperformance of 9.61% with the state fiscal agent accepting KSh 958.5 Million.
CBK offer to bidders at the auction
The CBK offered investors a return of 13.98%, 13.94%, and 13.77% for the 91-day, 182-day, and 364-day Treasury Bills at this auction respectively. This is compared to 13.73%, 13.49%, and 14.01% for the respective instruments at the previous auction.
The next auction and bids closure is 7th September 2023. Bids must be submitted and received by CBK electronically via DhowCSD or Treasury Mobile Direct by 2:00 p.m. on Thursday, 7th September, 2023 for 91-day, 182-day, and 364-day Treasury Bills. Payments must be made by electronic transfer using RTGS. These payments must reach the Central Bank no later than 2.00 p.m. on Monday, 11th September, 2023.
ALSO READ: CBK Receives Bids Worth KSh 23 Billion at Weekly Treasury Bills Auction
