Central Bank of Kenya(CBK_ received bids worth KSh 20.2 Billion at this weekly treasury bills auction, a performance rate of 84.1%, and accepted Treasury Bills worth KSh 18.8 Billion in terms of bids that were submitted by investors.
Investors continued to show their preference for the short term 91-day debt instrument which received bids worth KSh 16.6 billion out of KSh 4 billion offered at the auction and ended up accepting bids worth KSh 15.3 billion, an oversubscription of 401.67%
The least attractive instrument was the 182-day treasury bill, which received bids worth KSh 1.582 billion out of KSh 10 billion offered with the CBK accepting KSh 1.581 billion, an undersubscription of 15.83%.
The 364-day treasury bills received bids worth KSh 2.5 billion out of KSh 10 billion on offer with the CBK accepting amounts totaling KSh 1.7 billion, a performance rate of 25.27%.
CBK offer to investors
Investors were offered a rate of return of 14.7866%, 14.9399%, and 15.2214% for the 91-day, 182-day and 364-day treasury bills at this auction. These compare to 14.5151%, 14.4148%, and 14.7282% at the previous auction for the respective debt instruments.
The CBK has invited eligible investors to participate in the tap sale of two-year and 10-year fixed coupon treasury bonds, whose period of sale is between 22nd September and 28th September 2023.
The CBK is offering an amount of KSh 15 billion. The coupon rate for the 2-year treasury bond is 16.9723% while that offered for the 10-year treasury bond is 15.0390%. Investors are advised to obtain details of amounts payable for successful bids from the Dhow CSD Investor portal/app under the transaction tab on Friday 29th September 2023.
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