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.