CBK Collects KSh 5.5 Billion from Week’s T-Bills Auction

Central Bank of Kenya(CBK) collected bids worth KSh 5.52 billion at this week’s Treasury Bills auction out of the KSh 24 billion offered.

The most attractive instrument was the 91-day Treasury Bills, which received bids amounting to KSh 5.8 billion out of KSh 4 billion offered at the auction with CBK accepting KSh 2.7 billion, a performance rate of 144.5%.

This was made up of KSh 1.7 billion in competitive bids accepted and KSh 958 Million in non-competitive bids.

The least attractive instrument was the 364-day Treasury Bills which received bids worth KSh 1.5 billion out of the KSh 10 billion offered with CBK accepting the entire amount offered. These instruments posted an undersubscription of 15.14%

The 182-day Treasury Bills received bids worth KSh 2.2 billion out of KSh 10 billion offered, an underperformance of 21.96%.

CBK OFFER TO INVESTORS IN GOVERNMENT PAPER

At this week’s T-Bills auction, investors were offered a rate of return for the 90-day, 182-day and 364-day treasury bills, an interest rate of 11.904%, 11.947% and 12.157% respectively compared to 11.785%, 11.863% and 11.934% offered at the previous auction.

CBK said the next Treasury Bills Auction and bids closure is 6^th July 2023 where KSh 24 billion will be offered and the auction results made on 7^th July 2023.

Bids must be submitted by 6^th July 2023 at 2.00 pm while successful bidders must make payments to Central Bank not later than 2,00 pm on 10^th July 2023. 

ALSO READ:CBK Accepts KSh 18.2 Billion at Weekly T-Bills Auction