The Central Bank of Kenya(CBK)accepted KSh 7.2 Billion from T Bills worth KSh 24 Billion offered at the Weekly Auction held on Wednesday 31st March 2021.
The low-performance rate of 29.95% happened as investors took off from the market for the long Easter holiday, which ends on April 5th, 2021.
The 364 days Treasury Bill received bids of 4.4 Billion out of the KSh 10 Billion on offer, a performance rate of 44.05%.
The six-month Treasury Bills received bids worth KSh 764.64 Million out of the KSh 10 Billion that was on offer, an undersubscription rate of 7.65%.
The 3months Treasury Bills was the most attractive, with CBK receiving bids worth KSh 2.2 Billion compared to KSh 4 Billion offered, a performance rate of 50.45%.
CBK rate of return to investors
CBK offered investors a return of 7.085%, 7.910% and 9.308% for the 91-days, 182-days and 364- days Treasury Bills. This is compared to 7.087%, 7.890%, and 9.259% for the previous auction’s respective financial instruments.
The next Treasury Bills Auction and bids closure will be on Thursday, 8th April 2021, where the Government’s fiscal agent will be offering T-Bills worth KSh 24 Billion, made up of KSh 10.7 Billion for redemptions and KSh 13.3 Billion in new borrowings and or net repayments.
Bids closure and auction will be at 2.00 p.m. on Thursday, 8th April 2021 for 91-day, 182-day and 364-day Treasury Bills.
Payments above KSh1 Million must be made by electronic transfer using RTGS. Payments below KSh. 1 Million may be made by Cash, Banker’s Cheque or RTGS.
These payments must reach the Central Bank not later than 2.00 p.m.; on Monday, 12th April 2021.