The Central Bank of Kenya(CBK) collected KSh 20.3 Billion out of bids worth KSh 30 Billion submitted by investors at the Weekly Treasury Bills Auction. This represents an oversubscription of 124.98%, with the CBK rejecting bids worth KSh 10 Billion.
The most attractive instrument was the 365-days Treasury Bills that attracted bids worth KSh 24.5 Billion out of the KSh 10 Billion that was on offer, an oversubscription of 245.35%. The Government’s fiscal agent accepted bids of KSh 15.8 Billion.
The three months Treasury Bills attracted bids worth KSh 1.7 Billion out of the KSh 4 Billion offered at the Auction, a performance of 42.72%.
The 182 days Treasury Bills received bids worth KSh 3.8 Billion out of KSh 10 Billion offered, a performance rate of 37.52%.
The Monetary Authority accepted a total of KSh 2.8 Billion worth of bids at this Auction. Out of the amounts accepted, KSh 16.8 Billion was in competitive bids, with non-competitive bids worth KSh 3.6 Billion.
CBK returns to investors
Interest rates offered for the 91-days, 182 days, and 365 days were 7.139%, 7.989% and 9.474%, respectively, at this Auction. This is compared to 7.115%, 7.925% and 9.460% at the last Auction.
The next Auction and bids closure will be 6th May 2021, where the fiscal agent will seek KSh 24 Billion. What CBK collects from this Auction will be measured against the treasury’s immediate needs for the week.
The State’s fiscal agent can accept or reject bids in part or whole without giving providing bidders with any reasons. Individual bidders with CDS accounts at the CBK will submit a minimum of KSh 100,000. Only investors with active CDS accounts are eligible.