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CBK Accepts KSh 28.4 Billion at Auction, 118.24% Oversubscription

Jackson OkothbyJackson Okoth
August 20, 2021
in Banking, Kenyan News
Reading Time: 2 mins read

The Central Bank of Kenya(CBK) received bids worth KSh 28,378.60 Million at the Weekly Treasury Bills Auction out of KSh 24,000 Million on offer, a performance rate of 118.24%.

The Government’s fiscal agent accepted KSh 28,378.26 Million made up of KSh 16.9 Billion in competitive bids and KSh 11.5 Billion in non-competitive bids.

The most attractive instrument was the 91 day Treasury Bills which received bids worth KSh 12,145.57 Million out of the KSh 4,000 Million on offer, a performance rate of 303.64%, with the CBK accepting KSh 12,145.23 Million.

The 182-day Treasury Bills received bids worth 15.2 Billion out of the KSh 10 Billion on offer, a performance rate of 152.23%, with CBK accepting the entire amount.

The least attractive instrument was the 364-day Treasury Bills which received bids worth 999.59 Million out of the KSh 10,000 Million on offer, with the CBK accepting the entire amount, a 10% undersubscription.

Investors were offered an interest rate of 6.599%, 7.104% and 7.420% for the 91 day, 182-day and 364-day Treasury Bills. This is compared to 6.527%, 7.117% and 7.418% for the respective instruments at the previous auction.

The next auction and bids closure is August 26th, 2021, with results announced the following day.

ALSO READ: CBK Accepts KSh 7 Billion at Auction, a 29.3% Undersubscription


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