The Central Bank of Kenya(CBK) accepted KSh 8.8 billion from the Weekly Treasury Bills Auction out of bids worth KSh 9.1 billion received, an oversubscription of 38.10%, out of KSh 24 billion offered at the auction. The most attractive debt instrument was the 91-day treasury bills, which received bids worth KSh 7.1 billion out of KSh 4 billion offered with the CBK accepting KSh 6.8 billion with an oversubscription rate of 176.8%.
The least attractive instrument was the 364-day treasury bills, which received bids worth KSh 707.9 Million out of KSh 10 billion offered, an undersubscription of 7.08%. The state fiscal agent accepted bids worth KSh 703.9 Million at this auction.
The 182-day treasury bills received bids worth KSh 1.362 billion out of KSh 10 billion offered with the CBK accepting the entire amount, a performance rate of 13.63%.
CBK offer to investors in Government Paper
Investors were offered a return of 12.352%, 12.392%, and 12.728% for the 91-day, 182-day, and 364-day treasury bills respectively at this auction compared to 12.233%, 12.322%, and 12.708% at the prior auction.
The next auction and bids closure is on 3rd August 2023 while results will be announced on 4th August 2023 where the actual amounts raised will be subject to National Treasury’s immediate liquidity requirements for the week.
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