The Central Bank of Kenya(CBK) received bids worth KSh 24.7 billion at the weekly treasury bills auction, an oversubscription of 102.8%, out of KSh 24 billion on offer, and accepted bids worth KSh 23.7 billion.
The 91-day Treasury Bill was the most attractive instrument receiving bids worth KSh 22.5 billion, an oversubscription of 562%, out of the KSh 4 billion worth of amount offered. The CBK also received bids worth KSh 914 million out of the KSh 10 billion one-year Treasury Bills, a performance rate of 9.1% with the state fiscal agent accepting all the bids.
The 3-month Treasury Bills received bids worth KSh 1.3 billion out of KSh 10 billion on offer with the CBK accepting the entire amount.
Returns to successful bidders
Investors were offered 15.2%, 15.3%, and 15.4% for the 91-day, 182-day, and 364-day treasury bills respectively at this auction, compared to 15.1%, 15.1%, and 15.4% at the previous auction for the respective debt instruments.
The next auction and bids closure will be 9th November 2023 while results will be announced on 10th November 2023.
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