The Central Bank of Kenya(CBK) has accepted KSh 23.1 billion at the weekly treasury bills auction after receiving bids worth KSh 24.5 billion, a performance rate of 102.28%.
The most attractive instrument was the 91-day treasury bills which received bids worth KSh 5, 278.68 Million out of KSh 4,000 Million on offer, with the state fiscal agent accepting KSh 5,278.19 Million.
The least attractive was the 182-day treasury bills, which attracted bids worth KSh 7,926.39 Million out of KSh 10,000 Million on offer with the CBK accepting KSh 7,924.77 Million.
The 364-day treasury bills attracted bids worth KSh 11.3 billion out of KSh 10 billion on offer, a performance rate of 113.41% with the CBK accepting KSh 9.9 billion.
CBK offer to investors
Investors were offered interest rates of 7.683%, 8.722% and 9.860% for the 91-day, 182-day and 364-day treasury bills, compared to 7.580%, 8.542% and 9.840% for the respective instruments at the previous auction.
Bids closure and the next auction is scheduled for 19th May 2022 while results will be released on May 20th May 2022.
Bids must be submitted and received by CBK either manually or electronically by 2.00 p.m. on Thursday, 19th May, 2022 for 91-day, 182-day and 364-day Treasury Bills.
Payments above KSh1 Million must be made by electronic transfer using RTGS. Payments below KSh 1 Million may be made by Cash, Banker’s Cheque or RTGS. These payments must reach the Central Bank not later than 2.00 p.m. on Monday, 23rd May, 2022.
Non-competitive bids are subject to a maximum of KSh 20 Million per investor account per tenor and are issued at the weighted average of accepted bids. This does not apply to State Corporations, public universities and semi-autonomous government agencies (SAGAs).
