Central Bank of Kenya(CBK) received bids worth KSh 38.8 billion at the weekly treasury bills auction out of KSh 24 billion on offer, an oversubscription of 161.8%, and accepted bids worth KSh 38.7 billion.
The most attractive paper was the 91-day treasury bills which hit an oversubscription of 870.8% with investors throwing in bids worth KSh 34.8 billion out of KSh 4 billion on offer, with CBK accepting bids worth KSh 34.7 billion at this auction.
The least attractive instrument was the 3-month treasury bills which received bids worth KSh 1.2 billion out of KSh 10 billion on offer, with the fiscal agent offering a rate of return of 14.4%.
The one-year treasury bills attracted bids worth KSh 2.8 billion out of KSh 10 billion on offer, a performance rate of 27.8% with the monetary authority accepting bids worth KSh 2.7 billion.
CBK offers to investors
CBK offered investors a rate of return of 14.2%, 14.3%, and 14.8% for the 91-day, 182-day and 364-day treasury bills at this auction. This is compared to 13.98%, 13.93%, and 13.76% for the instruments respectively at the last auction.
The next auction and bids closure is 14th September 2023.