The Central Bank of Kenya(CBK) yesterday accepted payments for bids worth KSh 26.4 Billion out of the KSh 24 Billion that it had floated at last Treasury Bills Auction, an oversubscription of 10.13%. Investors had placed bids worth KSh 26.4 Billion.
This is the first time this year that the Weekly T-Bills auction, is attracting an oversubscription following a subdued performance as 2020 came to a close.
91-DAY Treasury Bills
Out of the bids accepted, the 91-day Treasury Bill attracted an amount of KSh 5.01 Billion. This is out of the KSh 4 Billion worth of these short term bonds that CBK offered, a performance rate of 125.37%.
The 182-day Treasury Bill attracted bids worth KSh 8.1 Billion, less than the KSh 10 Billion worth of bonds that CBK had offered, a performance of 81%.
One year Treasury Bills
The 365-days Treasury Bill attracted bids worth KSh 13.3 Billion out of the KSh 10 Billion was offered for sale, a performance of 133.2%.
Investors were offered a return of 6.884%, 7.552% and 8.445% for the 91-day, 182-day and 364-day Treasury Bills.
CBK’s next Auction
The next Treasury Bills auction date and bids closure is Thursday 21st January 2021 with results to be announced on Friday, 22nd January 2021. The Government’s fiscal agent will be offering Treasury Bills worth KSh 24 Billion.
The Government’s fiscal agent will be seeking KSh 25.7 Billion for loan redemptions and KSh 1.695 Billion in new borrowings/net repayments.