The Central Bank of Kenya (CBK) collected KSh 20.1 Billion from investors who put in bids at the weekly Treasury Bills Auction on 8th April 2021. This is out of the KSh 24 Billion that was offered.
Investors submitted bids worth KSh 20.3 Billion, a performance rate of 84.78%.
The 364 days Treasury Bills was the most attractive, with investors submitting bids worth KSh 14.6 Billion out of the KSh 10 Billion on offer, a performance rate of 146.27%.
The 182 days Treasury Bills had a performance rate of 25.59% after investors submitted bids worth KSh 2.6 Billion out of the KSh 10 Billion on offer.
The three months Treasury Bills attracted bids worth KSh 3.1 Billion from the KSh 4 Billion on offer, a performance of 79.03%, with the CBK accepting the entire amount placed.
Returns offered by CBK
Interest rates on the 91 days, 182 days and 364 days T Bills was 7.096%, 7.914% and 9.366%b respectively. This is compared to 7.085%, 7.910% and 9.308% for the respective instruments at the previous auction.
Bids closure and the next auction will be on 15th April 2021, where investors will be required to bids for the respective T-Bills worth a total of KSh 24 Billion.
Bids for this auction must be submitted and received by CBK by 2.00 p.m. on Thursday, 15th April 2021 for 91-day, 182-day and 364-day Treasury Bills.
Successful bidders making payments above KSh1 Million must do so by electronic transfer, while those payments below KSh 1 Million can be paid through either Cash, Banker’s Cheque or electronic means.
These payments must reach the Central Bank not later than 2.00 p.m.; on Monday, 19th April 2021.
Non-competitive bids will be limited to a maximum of KSh 20 million, based on the weighted average rate of bids accepted at the auction.
This requirement, however, excludes State Corporations, Public Universities and Semi-Autonomous Government Agencies(SAGAs).