The Central Bank of Kenya (CBK) accepted bids worth KSh 16.5 Billion out of Treasury Bills worth KSh 24 Billion it had offered, representing a subscription rate of 72.14%. Investors had submitted bids worth KSh 17.3 Billion.
The CBK received KSh 11.8 billion in competitive bids while non-competitive bids accepted was worth KSh 4.7 Billion.
The 364-days Treasury Bill was the most popular, attracting bids worth KSh 11 Billion out of the 10 Billion that was offered, an oversubscription of 110.1%. Investors were offered an average interest rate of 7.933% on this Bill up from the previous 7. 840%.
The 182-days Treasury Bill attracted a paltry KSh 3.3 Billion out of the KSh 10 Billion that was on offer, a performance of 33.07%, at an average interest rate of 7.038% from the previous 6.967% at the last auction.
The 91-days Treasury Bill attracted bids worth KSh 2.9 Billion out of the KSh 4 Billion that was on offer, a performance of 74.92%, at an average interest rate of 6.653% from the previous 6.589%.
The next auction and bids close on 4th November 2020 with CBK seeking to collect cash for redemptions as well as new borrowing/ net repayments. Investors are required to submit their bids to CBK 2.00 p.m. on Thursday,5th November, 2020, for the next auction.
ALSO READ:CBK raises KSh 24.8 Billion from T-Bills Auction, a 110% over-subscription
