The Central Bank of Kenya(CBK) accepted bids worth KSh 60 Billion out of the KSh 50 Billion that was offered at the October auction, representing an oversubscription of 138.27%.
This Thursday Auction was for the re-opened 20-year and 25-year Treasury Bonds that received bids worth KSh 69.1 Billion.
The 20-year Treasury Bond received bids worth KSh 23.2 Billion while CBK accepted bids worth KSh 16.9 Billion, a 46.31% subscription.
The 25-year Treasury Bond attracted bids worth KSh 45.9 Billion with KSh 43 Billion accepted, a performance rate of 91.9%.
The 20-year T-Bond has a coupon rate of 10% while the rate on the 25- year T-Bond is 13.4%.
Proceeds from this T-Bonds auction will be used for redemptions at KSh 33.9 Billion while KSh 26.6 Billion is the state’s new borrowings from the domestic money market.
The CBK is yet to publish its bond program for November, including the tenor, amounts, coupon rates and issue terms.