The Central Bank of Kenya(CBK) raised KSh 5, 186 Million from the weekly Treasury Bills Auction held on Wednesday, 30th December, 2020. This is against an advertised amount of KSh 24 Billion, representing an underperformance of 21.62%.
Undersubscription in this Treasury Bills Auction happened as investors took off for the year holiday.
CBK Bids accepted
Bids worth KSh 667.3 Million out of the KSh 4 Billion in the 91-day Treasury Bills were accepted. This is against bids worth KSh 668.93 Million that was received from investors.
The CBK accepted bids worth KSh 564.90 Million in 182 days Treasury Bills out of the KSh 10 Billion on offer, a performance rate of 5.65%.
Investors submitted bids worth KSh 3,953 Million out of the KSh 10 Billion on offer, a performance rate of 39.5%.
Investors were offered an interest rate of 6.906%, 7.400%, and 8.348% on the 91-day, 182 days and 364 day Treasury Bill, a marginal increase from 6.929%, 7.403%, and 8.338% offered on these instruments at the last auction.
Bids closure and next auction for T-Bills worth KSh 24 Billion, will be on January 7th, 2021 with Treasury seeking KSh 55.3 Billion in redemptions and KSh 31.3 Billion in new borrowings/ net repayment.
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