Central Bank of Kenya(CBK) received bids worth KSh 17 billion at the May Treasury Bonds tap sale out of the advertised amount of KSh 10 billion and accepted KSh 16.9 billion.
The 10-year Treasury Bond received bids amounting to KSh 5,967.65 million, with the state fiscal agent accepting KSh 5,967.17 million and offering a coupon rate of 13.490%.
The re-issued 25-year Treasury Bond received bids valued at KSh 11,044.75 million, with the CBK accepting KSh 11,003.44 million and offering a coupon rate of KSh 13.924%.
CBK meets target of KSh 60 billion from the t-bonds market in May
The state fiscal agent Collected KSh 60 billion in May, made up of KSh 43.1billion at the primary auction and KSh 16.9billion at the May tap sale
In the May primary Treasury Bonds Auction, the CBK received bids worth KSh 43.1 billion out of KSh 60 billion offered.
This represents a performance rate of 71.86%, with the state fiscal agent accepting bids worth KSh 31.7 billion and rejecting bids worth KSh 11.4 billion at this auction.
The most attractive debt instrument was the 10-year Treasury Bond which received bids worth KSh 32.9 billion, with the state fiscal agent accepting bids worth KSh 28.7 billion.
The 25-year Treasury bonds received bids worth KSh 10.2 billion, a performance rate of 17.04%, with bids worth KSh 3.1 billion at this auction.