The Central Bank of Kenya(CBK) accepted KSh 23.1 Billion at the Weekly Treasury Bills Auction out of bids worth KSh 24.5 Billion, an oversubscription of 102.06%
The most attractive instrument at this auction was the 364 day Treasury Bills which received bids worth KSh 13.4 Billion out of KSh 10 Billion on offer, an oversubscription of 133.92% with CBK accepting KSh 12 Billion.
The 91 day Treasury Bills received bids worth KSh 5.295 Billion out of KSh 4 Billion on offer, an oversubscription of 132.39% with the CBK accepting KSh 5.289 Billion.
The 182 day Treasury Bill received bids worth KSh 5,8 Billion out of KSh 10 Billion, a performance rate of 58.1% with the CBK accepting the entire amount.
CBK rates offered to bidders
Interest rates offered by the state’s fiscal agent at this auction for the 91-day, 182-day and 364 day Treasury Bills was 7.206%, 8.032% and 9.771% respectively compared to 7.265%, 8.063% and 9.774% at the last auction.
Bids closure and the next auction is 17th March 2022 while results will be announced on 18th March 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, however, apply to State Corporations, public universities and semi-autonomous government agencies (SAGAs).
Bids must be submitted and received by the state’s fiscal agent either manually or electronically (via Treasury Mobile Direct or CBK Internet Banking for commercial banks) by 2.00 p.m. on
Thursday, 17 March 2022 for 91-day, 182-day and 364-day Treasury Bills.
Payments above Kshs.1 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, 21 March 2022.
ALSO READ: The CBK Collects KSh 26.5 Billion from Weekly T-Bills Auction
