Central Bank of Kenya(CBK), the Government’s fiscal agent received bids worth KSh 20.3 Billion at the Weekly Treasury Bills Auction conducted on 21st January 2021. This is against an advertised amount of KSh 24.0 billion, representing a performance of 84.5%.
Interest rates on the 91-day and 364-day rates increased marginally to 6.983% and 8.508% respectively.
That for the 182-day Treasury bill decreased to 7.508% from 7.522%.
Tenors offered by CBK
The 91-day T Bills attracted bids worth KSh 2.1 Billion out of the advertised amount of KSh 4 Billion with the CBK accepting all the amounts, a performance of 53.74%.
The 182-day T-Bills attracted bids worth 916.09 Million out of the KSh 10 Billion offered, representing an undersubscription of 9.16%.
The one-year Treasury Bill attracted bids worth KSh 17.2 Billion out of the KSh 10 Billion that was offered, representing an oversubscription of 172%.
Next T-Bills Auction
The next auction and bids closure is 28th January 2021 where investors will be offered the three Treasury Bills worth KSh 24 Billion. Treasury targets to collect KSh 26.5 Billion for loan redemptions and KSh 2.5 Billion for new borrowings/net repayments.
The 16-year Infrastructure Treasury Bond auction held by CBK of January 20th, 2021, attracted bids worth KSh 125.5 Billion against an advertised amount of KSh 50.0 billion. This represented an oversubscription of 251.0%. The interest rate on this bond was 12.26%.
The Kenya Shilling weakened in the week ending January 21st, 2021 after exchanging at KSh 110.19 against the US$ compared to KSh 109.97 on January 14th, 2021.