The Central Bank of Kenya(CBK) this week accepted bids worth KSh 18.6 Billion from the Treasury Bills Auction.
This is out of KSh 24 Billion worth of Treasury bills that were offered. The CBK received bids worth KSh 22.3 Billion, a subscription rate of 92.8 %.
The 91-day Treasury bill was the most attractive, recording a subscription rate of 159.3% with bids worth KSh 6.3 Billion received against the KSh 4 Billion offered.
The due date for this instrument is 16th November 2020.
The 365-day Treasury bill worth KSh 10 Billion received the lowest bids, at KSh 6.5 Billion, a performance of 65% with only KSh 5.3 Billion worth of bids accepted.
Comparative average interest rates of accepted bids in this auction were 6.2%, 6.6% and 7.5% for the 91-day, 182-day and the one-year T-Bill respectively.
Bids for the next Treasury bill auction, which seeks to raise KSh 24 Billion, closes on 20th August 2020 with results to be announced the following day.
The amount to be raised from this auction will be used for redemptions, pegged at KSh 25.6 Billion and KSh 1.6 Billion in new borrowings and or net repayments.
