The Central Bank of Kenya(CBK) collected KSh 17.7 Billion at the Weekly Treasury Bills Auction out of bids worth KSh 17.8 Billion that was received from investors, representing an undersubscription of 74.18%.
The most attractive was the 91-day Treasury Bills, where bids worth KSh 8.495 Billion was received, with the CBK accepting KSh 8.490 Billion, a performance rate of 212.38%.
The 182-day T-Bills received bids worth KSh 6.5 Billion out of KSh 10 Billion on offer at the weekly auction, a performance rate of 64.98%. The Government’s fiscal agent accepted a total amount of KSh 6.4 Billion.
The one-year Treasury Bills was the least attractive as investors showed more interest in the shorter term Government Paper.
Bids worth KSh 2.8 Billion were received at this auction out of the KSh 10 Billion worth of 364 days T-Bills offered, with CBK accepting the entire amount.
The performance rate for this instrument was 28.09%.
CBK return to successful bidders
The weighted average rate of return of accepted bids was 6.486%, 6.996% and 7.426% for the 91-day, 182-day and 364-day Treasury Bills, respectively.
This is compared to rates of return of 6.477%, 6.955% and 7.432% for the 3-months, six months and one-year Treasury Bills, respectively.
The next auction and bids closure will be Thursday, 5th August 2021, at 2.00 pm. The CBK says payments above KSh 1 Million must be made using electronic transfer, while those below this amount can be made by bankers cheque, electronic transfer or cash.
Successful bidders must make their payments not later than Monday, 9th August 2021.