The Central Bank of Kenya(CBK) raised KSh 15,982.03 Million out of the KSh 24 Billion worth of Treasury Bills offered at the weekly auction.
Bids worth KSh 15,895.21 Million was received, representing an undersubscription of 66%.
Most attractive offer by CBK
The longer 364 days Treasury Bill was the most attractive to investors, offering an interest of 8.623% compared to 8.502% at the last auction.
The one year Treasury Bills attracted bids worth KSj 13,416.65 Million out of the KSh 10 Billion that was offered, an oversubscription of 134.17%.
91 days Treasury Bills
The 91 days Treasury Bill attracted bids worth KSh 508.7 Million out of the KSh 4 Billion offered, a performance of 12.72%. Investors were offered a lower rate of 6.897% compared to 6.983% during the previous auction.
The 182 days Treasury Bill attracted bids worth KSh 1.969.37 out of the KSh 10 Billion on offer, a performance of 19.70%.
The auction had KSh 13,609.86 Million in competitive bids while KSh 2,282.17 Million was in non-competitive bids.
Next T Bills auction
The next auction will be held on 4th February 2021 with the CBK seeking KSh 20.895.50 in loan redemptions and KSh 3,104.50 in new borrowings/net repayments.
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