The Central Bank of Kenya(CBK) accepted bids worth KSh 18.2 Billion from the Weekly Treasury Bills Auction conducted Thursday, 15th April 2021.
This represents a subscription rate of 86.91%
The most attractive instrument was the one year Treasury Bills, with the CBK receiving bids worth KSh 13.1 Billion out of the KSh 10 Billion on offer, an oversubscription of 130.98%.
Bids worth KSh 10.4 Billion of the 364-days T-Bills was accepted at this auction.
The 91-day Treasury Bills attracted bids worth KSh 4.1 Billion out of the KSh 4 Billion on offer, a performance rate of 102.40%. The CBK accepted bids worth KSh 4.1 Billion from the auction of this three-month Treasury Bills.
The 182-day Treasury Bills was the least attractive, with investors putting in bids worth KSh 3.7 Billion against KSh 10 Billion on offer, a performance rate of 36.65%. The CBK accepted the entire amount received for this tenor.
The total amount of KSh 18.2 Billion was made up of KSh 11.9 Billion in competitive bids and KSh 6.3 Billion in non-competitive bids.
CBK offer to investors
Interest rates offered on accepted bids at this auction for the 91-day, 182- day and 364-day was 7.108%, 7.938% and 9.408%. This is compared to 7.096%, 7.914% and 9.366%, respectively, at the previous auction.
The next Treasury Bills auction and bids closure is Thursday 22nd April, 2021, with results announced on Friday 23rd April, 2021.
The Government’s fiscal agent will be offering T-Bills worth KSh 24 Billion and targets to utilize KSh 16,016.40 Million out of the amount realized for redemptions and KSh 7,983.60 as new borrowing and or for net loan repayments.
In a notice, the CBK said bids must be submitted and received by 2.00 p.m. on Thursday, 22nd April 2021 for 91-day, 182-day and 364-day Treasury Bills.
Successful bidders must make their payments not later than 2.00 p.m; on Monday, 26th April 2021.