The Central Bank of Kenya (CBK) received bids worth KSh 26.4 Billion in the weekly Treasury Bills Auction done on Thursday, out of KSh 24 Billion bills it had offered for sale.
Bids accepted were worth KSh 24.8 Billion, representing an oversubscription of 110%.
Apart from the 182-day treasury bill that was undersubscribed at 39.3%, the 91-day Treasury Bill received bids worth KSh 7.5 Billion out of KSh 4 Billion offered, a performance rate of 186.47%,
The 364 days T Bills received bids worth KSh 15 billion out of KSh 10 billion offered, an oversubscription of 150%.
The CBK offered an average interest rate on the 91-day, 182 days, and 364 day Treasury Bills at 6.468%, 6.853%, and 7.762%, respectively, during this auction.
This is compared 6.400%, 6.839%, and 7.744% for the 91 days, 182 day, and one-year TBills during the last auction.
In this auction, Competitive bids were worth KSh 21.4 Billion while Non-Competitive bids totalled KSh 3.4 Billion.
The next Auction date, worth KSh 24 Billion, and bids closure is on 15th October, 2020 with results to be announced on 16th October 2020.
ALSO READ: CBK Raises KSh 10.7 Billion from Treasury Bill Auction
