Central Bank of Kenya(CBK) Received bids worth KSh 19.9 Billion, a performance rate of 82.83% and accepted KSh 18.8 Billion out of KSh 24 Billion offered at this week’s T-bills auction
The most attractive instrument was the 364 days Treasury Bills, which received bids worth KSh 9.7 Billion, a performance rate of 96.62% and accepted KSh 8.9 Billion.
The 182 day Treasury bills received bids worth KSh 8.238 Billion, a performance rate of 82.38%, with the state fiscal agent accepting KSh 8.235 Billion.
The least attractive debt instrument was the 91-day Treasury Bills which received bids worth KSh 1.9 Billion out of the KSh 4 Billion on offer, with the CBK accepting KSh 1.8 Billion.
CBK OFFER TO INVESTORS
Successful bidders will be offered interest rates of 7.252%, 8.093% and 9.763% for the 91-day, 182-day and 364-day Treasury Bills, respectively, compared to 7.206%, 8.032% and 9.771% at the previous auction.
Bids closure and the next auction is 24th March 2022, while results will be announced on 25th March 2022.
The actual amount to be realized from the auction will be subject to National Treasury’s immediate liquidity requirements for the week. Where several successful bidders quote a common rate, the Central Bank of Kenya (CBK) reserves the right to allot bids on a pro-rata basis.
The Central Bank reserves the right to accept/reject bids in part or whole without giving any reason. Individual bids must be of a minimum face value of KSh 100,000.00. Only investors with active CDS accounts are eligible.
ALSO READ: CBK Collects KSh23.1 Billion at Weekly T-Bills Auction
