The Central Bank of Kenya(CBK) received bids worth KSh 33.8 Billion from the KSh 24 Billion offered at the Weekly Treasury Bills Auction, an oversubscription of 140.9%.
The Government’s fiscal agent accepted bids amounting to KSh 30.2 Billion during this week’s open market operations by the CBK.
The most attractive instrument was the 364 days Treasury Bills where bids worth KSh 19 Billion were received out of the KSh 10 Billion offered, representing an oversubscription of 190.2%.
The CBK accepted bids totalling KSh 17.3 Billion from the one-year T-Bills auction.
The 182-days Treasury Bill was the least attractive, with investors putting in bids worth KSh 7.8 Billion out of the KSh 10 Billion on offer at the auction.
A total of KSh 6.8 Billion was accepted at the auction of the 6-months Treasury Bills.
The 91-days Treasury Bills attracted bids worth KSh 7 Billion out of the KSh 4 Billion offered, representing a performance rate of 176.1%.
Bids worth KSh 6.1 Billion from the auction of this instrument were accepted.
What CBK offered investors
Interest rates for the 91-day, 182-day and 364-day Treasury Bills were 7.024%, 7.765% and 9.071%, respectively, at this auction.
This compares to 6.931%, 7.722% and 9.014% for the three months, six months and one year Treasury Bills, respectively, at the last auction.
Out of the accepted amounts, KSh 22.8 Billion was in competitive bids while KSh 7.4 Billion was made up of non-competitive bids.
The next Treasury Bills auction and bids closure will be on 11th March, 2021, where the Central Bank will be seeking KSh 28.8 Billion for loan redemptions and KSh 4.8 Billion as new borrowings/net loan repayments.
The actual amount that CBK collects from this auction will be subject to National Treasury’s immediate liquidity requirements for the week.