The Central Bank of Kenya (CBK) accepted bids worth KSh 17.9 Billion out of bids received amounting to KSh 20.97 Billion, a subscription rate of 78.39%.
The 91-day Treasury Bills was the most attractive, receiving bids worth KSh 4.5 Billion with the CBK accepting KSh 3.5 Billion, a performance rate of 113.32%
The 182 day Treasury Bills received bids worth KSh 11.2 Billion out of KSh 10 Billion offered with the CBK accepting bids worth KSh 9.3 Billion, a subscription rate of 112.15%.
The 364-day Treasury Bills was the least attractive, receiving bids worth KSh 5.2 Billion out of the KSh 10 Billion offered with the CBK accepting KSh 5.1 Billion.
Rate of return offered to investors
Interest rates offered to investors on the 91-day, 182-day and 364 day Treasury Bills was 7.265%, 7.977% and 9.164% at this auction compared to 7.280%, 7.984% and 9.091% respectively at the previous auction.
The Next Auction and Bids closure is on 23rd December 2021 with results to be announced on December 24th, 2021. The state’s fiscal agent will be seeking KSh 25 Billion made up of KSh 12.8 Billion for redemptions and KSh 11.2 Billion for new borrowing/ net repayments.
On the secondary market, the value of bonds traded decreased by 33.68% to KSh 9.79 Billion from KSh 14.78 Billion recorded last week.
On a year-to-date basis, the yield curve has readjusted upwards in the mid-range but held steady in the short and long end of the curve.
ALSO READ: CBK Accepts KSh 11.9 Billion at the Weekly T-Bills Auction
