Central Bank of Kenya(CBK) received bids worth KSh KSh 7.124 Billion at the Weekly Treasury Bills Auction out of the KSh 24 Billion on offer, an under subscription of 29.69%-the lowest performance rate since the year began.
The state fiscal agent accepted KSh 7.100 Billion, with the 91 days T-Bills being the most attractive, where CBK took KSh 1.5 Billion out of the KSh 4 Billion on offer and received bids worth KSh 5.1 Billion.
The 182-day T Bills received bids worth KSh 3.1 Billion out of the KSh 10 Billion on offer, with the CBK accepting the entire amount, a performance rate of 31.32%.
The least attractive instrument was the 364 day Treasury Bills which received bids worth KSh 2.5 Billion, an undersubscription of 24.71%, with CBK accepting KSh 2.4 Billion.
The state fiscal agent offered investors an interest rate of 7.302%, 8.164% and 9.752% for the 91-day, 182-day and 364-day Treasury Bills, respectively, at this auction. This is compared to interest rates of 7.283%, 8.134% and 9.767% at the previous auction.
Bids closure and the next T Bills Auction is 7th April 2022, while results will be announced on 8th April 2022.
ALSO READ:CBK Collects KSh 13.2 Billion at T-Bills Auction