The Central Bank of Kenya(CBK) received bids worth KSh 8.8 Billion during this week’s T-Bills Auction out of the KSh 24 Billion that was offered, an undersubscription of 36.47%.
The CBK accepted KSh 7.8 Billion made up of KSh 6.5 Billion in competitive bids and KSh 1.3 Billion in non-competitive bids.
The 364-day Treasury Bills was the most attractive, with bids worth KSh 4.964 Billion received against the CBK offer of KSh 10 Billion, a performance rate of 49.64%. The total amount accepted was KSh 4.037 Billion. Investors will be paid an interest rate of 7.492% compared to 7.420% at the previous Auction.
The 182-day Treasury Bills was the least attractive, with KSh 2.023 Billion worth of bids received out of the KSh 10 Billion on offer, a performance rate of 7.195%. Investors will be paid an interest rate of 20.23% on the total amount accepted of KSh 2.021 Billion compared to 7.104% at the previous Auction.
The 91-day Treasury Bills received bids worth KSh 1.766 Billion out of the KSh 4 Billion offered at this Auction, a performance rate of 44.16%, with the CBK accepting KSh 1.764 Billion. Investors will receive a return of 6.741% on this instrument compared to 6.599% at the previous Auction.
The next auction and bids closure is 3rd September 2021, with results, announced the following day. All bidders who are successful at this Auction must make their payments to the CBK by 6th September 2021.