The Central Bank of Kenya (CBK) raised KSh 10.698 Billion from this week’s Treasury Bills Auction out of the targeted KSh 24 Billion, representing a performance rate of 64.9%. This is an improvement from KSh 7.1 Billion raised from last week’s auction.
This week’s auction attracted bids worth KSh 15.6 Billion as investors’ interest in Government debt increased.
The 91-days Treasury Bill was the most attractive with bids worth KSh 6.1 Billion received out of the KSh 4 Billion on offer. CBK accepted bids worth KSh 4.9 Billion on the 3-month debt instrument.
The 182 days-Treasury Bill was the least attractive with a subscription rate of 40.59% where only KSh 4 billion worth of bids were received and KSh 3.5 Billion accepted out of KSh 10 billion worth of TBills on offer.
The one-year Treasury Bill received binds worth KSh 5.3 Billion out of the KSh 10 Billion on offer at the Auction.
The next Treasury Bill Auction will be held on October 8th, 2020 with bids closing by 2 pm on this Thursday., for the 91-day, 182-day and 364-day Treasury Bills.
All successful bidders will have to make payments to the CBK not later than 2 pm on Monday, 12th October 2020.
ALSO READ:CBK raises a paltry KSh 7.1 Billion from Weekly T-Bill Auction
