The Central Bank of Kenya(CBK) received bids worth KSh 26.1 Billion at the Weekly Treasury Bills Auction, representing an oversubscription of 108.64% with the Government fiscal agent accepting KSh 23.3 Billion.
The most attractive instrument was the 91-day Treasury Bill which received bids worth KSh 8.397 Billion out of the KSh 4 Billion offered, a performance rate of 209.94% with KSh 8.395 Billion worth of bids accepted at this auction.
The 364-day Treasury Bills received bids worth KSh 9.2 Billion out of the KSh 10 Billion that was offered, a performance rate of 92% with the CBK accepting KSh 8.3 Billion.
Out of the amounts accepted at this Auction, KSh 11,488.40 Million was in the form of competitive bids while KSh 11,765.93 Million was made up of non-competitive bids.
The 182-day Treasury Bills was the least attractive at this auction, receiving bids worth KSh 8,475.80 Million, a performance of 84.76% with KSh 6,551.96 accepted by the CBK.
CBK offer to investors at this auction
Interest rates offered for the 91-day, 182-day and 364-day Treasury Bills were 7.114%, 7.747% and 8.840% respectively at this auction. This is compared to 7.070%, 7.683% and 8.745% at the previous auction.
Bids closure and the next auction will take place on 25th November 2021 while results will be announced on 26th November 2021.