Central Bank of Kenya(CBK) received bids worth KSh 22.1 billion at the weekly treasury bills auction, a performance rate of 92.11%, out of KSh 24 billion on offer, and accepted bids worth KSh 19.5 billion at this auction.
The most attractive instrument was the 91-day treasury bills which received bids worth KSh 18 billion out of KSh 4 billion on offer, an oversubscription of 450% with the CBK accepting KSh 17.9 billion.
The least attractive debt instrument was the 3-month treasury bills which received bids worth KSh 698.6 Million out of KSh 10 billion on offer, an undersubscription of 6.99% with CBK accepting KSh 698.1 million.
The 364-day treasury bills received bids worth KSh 3.4 billion out of KSh 10 billion on offer, a performance rate of 34.1%, with CBK accepting KSh 849.5 million.
Investors were offered a rate of return of 14.51%, 14.41%, and 14.72% for the 91-day, 182-day and 364-day treasury bills at this auction. This compared to 14.23%, 14.36%, and 14.86% for the respective debt instruments at the prior auction.
The next auction and bids closure is 21st of September when the treasury will be seeking KSh 15.97 billion for loan redemptions and KSh 8.02 billion in new borrowings/net repayments.
The CBK also received bids worth KSh 34 billion out of KSh 35 billion offered at the first Treasury Bonds tap sale in September. It accepted KSh 21.6 billion in the re-opened two-year and 10-year treasury bond issues, a performance rate of 97.17%.
Investors were offered a coupon rate of 16.9% and 15% for the 2-year and 10-year treasury bonds respectively.