The National Treasury raised a total of KSh98.6 Billion from the sale of two T- Bills and T-Bonds auctions that took place on the Wednesday and Thursday this week.
While subscription levels in the Treasury Bills Auction remained subdued, the Treasury Bonds market was relatively more attractive.
According to the Weekly statistical bulletin from the Central Bank of Kenya(CBK), the Treasury Bills Auction that took place on September 17 received bids worth KSh 16.9 Billion against KSh 24.0 billion that was floated, representing a performance of 70.4 per cent.
Interest rates offered to investors by CBK were attractive and remained stable, only rising marginally.
The re-opened 15-year and 20-year Treasury bonds of September 16th received bids totalling KSh 81.7 billion against an advertised amount of KSh 50.0 billion, representing a performance of 163.4 per cent.
Interest rates on the Treasury bonds were lower compared to bonds of similar tenure issued in July and August 2020.