Central Bank of Kenya(CBK) received bids worth KSh 13.4 Billion at the Weekly Treasury Bills Auction out of the KSh 24 Billion on offer.
This was an undersubscription of 55.76%, with the state fiscal agent accepting KSh 13.2 Billion.
The most attractive instrument was the 364-day treasury bills which received bids worth KSh 7.2 Billion out of KSh 10 Billion on offer, an undersubscription of 72.19%, with the CBK accepting KSh 7.1 Billion.
The 91-day Treasury Bills attracted bids worth KSh 2,319.78 million, a performance rate of 57.99%, with the CBK accepting KSh 2,319.68 million.
The least attractive instrument was the three-month treasury bills that received bids worth KSh 3.8 Billion, with the state fiscal agent accepting the entire amount.
CBK offered bidders an interest rate of 7.283%, 8.134%, and 9.767% for the 91-day, 182-day and 364-day treasury bills.
The auction raised KSh 10.7 Billion in competitive bids and KSh 2.6 Billion in non-competitive bids at this auction.
Bids closure and the next auction will be held on 31st March 2022, while results will be on April 1st, 2022.
The amount to be raised will be for redemptions amounting to KSh KSh 10.9 Billion and KSh 13.1 Billion for new borrowings/net repayment.
ALSO READ:CBK Collects KSh 18.8 Billion at Weekly T-Bills Auction
