The Central Bank of Kenya( CBK) Weekly Treasury Bills auction raised KSh 9.9 Billion out of the KSh 24 Billion that was on offer, a 45.5% performance rate.
This subdued performance is happening as the financial calendar for firms come to a close ahead of the end year holiday season.
The CBK accepted bids worth KSh 2.9 Billion out of the KSh 4 Billion 91-day Treasury Bills, a performance of 74.28%.
The 182-day Treasury Bill was the most unattractive with the CBK accepting bids worth KSh 2.7 Billion out of the KSh 10 Billion on offer, a performance of 26.9%.
The 364-day Treasury Bills auction saw the CBK accept bids worth KSh 4.7 Billion. The is an undersubscription of 52.6% out of the KSh 10 Billion that was on offer.
Interest rates on the 91-day, 182-day and the 364-day Treasury Bills is 6.861%, 7.333% and 8.204% respectively during this auction.
This is compared to 6.730%, 7.193% and 8.151% that CBK has offered on the 91, 182 and 364 day Treasury Bills, at the last auction.
The next Treasury Bills auction and bid closure is 10th December, 2020 where CBK is seeking KSh 24 Billion.
ALSO READ: Treasury Bills Auction Undersubscribed, Raises KSh 15.4 Billion
