The Central Bank of Kenya(CBK) accepted bids worth KSh 4.5 billion at this Thursday’s Treasury Bills Auction out of KSh 24 billion on offer and received bids worth KSh 13.7 billion, an undersubscription of 56.91%.
The most attractive debt instrument was the 91-day Treasury Bills which received bids worth KSh 11 billion out of KSh 4 billion on offer, an oversubscription of 275.19%. The CBK accepted bids worth KSh 3.3 billion as investors continued to show their preference for the short-term debt instrument.
The least attractive instrument was the 182-day Treasury Bills which accepted bids worth KSh 542.27 million out of KSh 10 billion on offer with CBK accepting KSh 809.28 million, a performance rate of 8.09%.
The 364-day Treasury Bills received bids worth KSh 1.8 billion out of KSh 10 billion on offer, with the CBK accepting KSh 670.62 million, a performance rate of 18.41%.
Investors were offered a return of 14.8206%, 14.9499%, and 15.0544% at this auction for the 91-day, 182-day, and 364-day Treasury Bills compared to 14.7866%, 14.9399%, and 15.2214% given to investors at the previous auction.
The next auction and bids closure is 5th October 2023 while results will be announced on 6th October 2023.
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