The Central Bank of Kenya(CBK) accepted KSh 20.452 Billion at the Weekly Treasury Bills Auction, out of bids worth KSh 26.6 Billion received, representing an oversubscription rate of 110.74%.
CBK offer to investors
The most attractive was the 364 days Treasury Bills, which received bids worth KSh 22.3 Billion out of KSh 10 Billion offered, an oversubscription of 222.62%. Interest rate for this one year T- Bill was 9.365% at this auction compared to 9.424% at the previous auction.
The 91-day Treasury Bills attracted bids worth KSh 1.428 Billion out of the KSh 4 Billion offered, with the CBK accepting KSh 1.398 Billion, a performance rate of 35.71%. Investors were offered a return of 7.156% for this three-month Treasury Bills compared to 7.152% at the previous auction.
The 182-day Treasury Bills was the least attractive, with KSh 2.885 Billion received out of KSh 10 Billion offered, a performance rate of 28.86%. Accepted bids were worth KSh 2.856 Billion, offering investors a return of 7.995% compared to 7.990% at the previous auction.
The next auction and bids closure is 20th May 2021, where the Government’s fiscal agent will be offering T Bills worth KSh 24 Billion.
ALSO READ:CBK Accepts KSh 20.8 Billion at Weekly T-Bills Auction
