The Central Bank of Kenya( CBK) received bids worth KSh 23.9 Billion at the Weekly T-Bills Auction, representing a performance of 99.76% out of the KSh 24 Billion that was on offer.
It accepted a total amount of KSh 22.9 Billion made up of KSh 21.2 Billion in competitive bids and KSh 1.7 Billion in non-competitive bids.
CBK raises returns on 91-day and 182-day T-Bills
The rate of interest on accepted bids were 6.513%, 7.046% and 7.418% for the 91-day, 182-day and 364-day Treasury Bills, respectively. The rates are compared to 6.486%, 6.996% and 7.426% paid at the previous auction for the 91-day, 182-day and 364-day T-Bills.
The most attractive instrument was the 91-day Treasury Bills which received bids worth KSh 6.093 Billion, a performance of 152.34%, with the CBK accepting KSh 6.083 Billion out of the KSh 4 Billion it had offered at the auction.
The 182-day Treasury Bills received bids worth KSh 15 Billion, a performance rate of 150.20%, while it accepted KSh 14 Billion out of the KSh 10 Billion that it had offered investors.
The 364-day Treasury Bill was the least attractive, receiving bids worth KSh 2.829 Billion, a performance rate of 28.30%, with the CBK accepting KSh 2.820 Billion.
The next auction and bids closure is 12th August 2021, with results announced the next day.
The CBK will be seeking KSh 11.5 Billion for loan redemptions and KSh 12.5 Billion for new borrowings and net repayments.
ALSO READ: CBK Accepts KSh 17.7 Billion at Weekly T-Bills Auction
