Central Bank of Kenya(CBK) received bids worth KSh 27.6 billion at this week’s treasury bills auction, a performance rate of 115.1%.
- The CBK accepted bids worth KSh 26.6 billion made up of KSh 18.3 billion in competitive bids and KSh 4.1 billion in non-competitive bids.
- The short-term 91-day treasury bill remained the most attractive, receiving bids worth KSh 23.4 billion out of KSh 4 billion on offer, an oversubscription of 584.9% with CBK accepting KSh 22.4 billion.
- The least attractive debt instrument was the one-year treasury bills which received bids worth KSh 1.9 billion out of KSh 10 billion on offer with the state fiscal agent accepting the entire amount.
The 182-day treasury bills received bids worth KSh 2.37 billion out of KSh 10 billion on offer with the monetary authority accepting KSh 2.36 billion, a performance rate of 23.8%.
CBK offered investors a return of 15.4%, 15.4%, and 15.6% for the 91-day, 182-day, and 364-day treasury bills at this auction compared to 15.3%, 15.4%, and 15.6% for the respective instruments at the prior auction.
Bids closure and the next auction is 30th November 2023 while results will be announced on December 1st 2023.
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