The Central Bank of Kenya(CBK) collected KSh 31, 473.73 Million at the weekly Treasury Bills Auction out of KSh 24,000 Million offered, out of bids worth KSh 31,474.74 Million, representing an oversubscription of 131.14%.
Out of the amount accepted, competitive bids were worth KSh 14,088.86 Million while KSh 17,384.87 Million comprised non-competitive bids.
The most attractive instrument was the 364-day Treasury Bills with received bids worth KSh 19,244.13 Million out of KSh 10,000 Million offered, a performance rate of 192.44%, with CBK accepting KSh 19,243.22 Million at this auction.
The 182 day Treasury Bills received bids worth KSh 8,794.84 Million out of KSh 10,000 Million that was offered, a performance rate of 87.95%, with the state fiscal agent accepting KSh 8.794.84 Million.
The least attractive debt instrument was the 91-day Treasury Bills which received bids worth KSh 3,435.77 Million out of KSh 4,000 Million offered, a performance rate of 85.89%, with CBK accepting KSh 3,435.67 Million.
CBK returns to bidders at this auction
Investors were offered a return of 7.097%, 7.554% and 8.624% for the three months, six months and one year Treasury Bills at this auction.
This is compared to interest rates of 7.040%, 7.486% and 8.489% for the respective debt instruments at the previous auction.
ALSO READ: CBK Accepts KSh 13.9 Billion at Weekly T-Bills Auction
