CBK received bids worth 61.2 Billion out of an advertised amount of KSh 25 Billion offered during the sale of its two-year Treasury Bond, an oversubscription of 244.6%.
This Treasury Bond auction was held on January 6th 2021 as investors return to the fixed income market after Christmas and New Year holidays.
Out of this amount, CBK received KSh 54.3 Billion was in the form of competitive bids while KSh 1.6 Billion was in the form of non-competitive bids accepted.
The CBK had offered a coupon rate of 9.486% of this two-year bond, attracting investors who given the short term Government paper segment, a wide berth.
At this January Auction, amounts raised was pegged at KSh 55,860.26 Million, will be applied as part of the new borrowings by Treasury.
CBK Weekly bulletin
According to the CBK Weekly bulletin, investors were offered an average interest rate of 11.45% during the November 18th 2020 Treasury Bonds Auction, with bids worth KSh 27.1 Billion and KSh 28.9 Billion received out of the two bonds offered worth KSh 40 Billion.
December Treasury Bonds auction results
At the last tap Treasury Bond sale held on December 23rd, 2020, CBK received Bids amounting to a total of KSh 9.9 Billion out of the KSh 22 Billion offered, at 11% and 12.73% for the two 15 year bonds, whose sale was re-opened.
The two 15-year Treasury Bonds worth a total of KSh 40 Billion, offered by CBK, sold on December 9th, 2020 attracted bids worth KSh 24 Billion and 11.46% and 12.81% respectively.
Apart from institutional investors, the CBK has opened up the Treasury Bonds. Bills auction to retailers who can place bids from the comfort of their phones