The Central Bank of Kenya(CBK) accepted KSh 16.9 Billion out of KSh 24 Billion that it offered investors at the weekly Treasury Bills Auction. The amount of bids received was worth KSh 17.8 Billion, representing an undersubscription of 74.33%.
The 182-day Treasury Bill was the most attractive after it received bids worth KSh 9 Billion out of the KSh 10 Billion offered, a performance rate of 90.1%, with the CBK accepting KSh 8 Billion.
The 91-day Treasury Bill received bids worth KSh 3 Billion out of the KSh 4 Billion on offer with the CBK accepting the entire amount, representing a performance rate of 75.4%.
The 364-Day Treasury Bill was the least attractive with bids received amounting to KSh 5.8 Billion out of the KSh 10 Billion on offer, a performance rate of 58.2% with the CBK accepting the entire amount.
Out of the KSh 16.9 Billion that was accepted by CBK, competitive bids were KSh 12.6 Billion and non-competitive bids were worth KSh 4.3 Billion.
Interest rates for the 91-day, 182-day and-364 day Treasury Bills was 6.952%, 7.428% and 8.225% respectively compared to 6.935%, 7.316% and 8.028 at the previous auction.
The next Auction and bids closure is 21st October 2021 and results will be announced on 22nd October 2021 where the Government’s fiscal agent will be seeking KSh 21.1 Billion for loan redemptions and KSh 2.9 Billion in new borrowings/net repayments.
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