CBK (Central Bank of Kenya) received bids worth KSh 13.8 billion out of the KSh 24 billion, an undersubscription of 57.4%, with the state fiscal agent accepting the entire amount.
The 91-day Treasury Bills was the most attractive instrument, receiving bids worth KSh 9.2 billion out of KSh 4 billion offered, an oversubscription of 239.92% with the CBK accepting the entire amount.
The 182-day Treasury Bills was the least attractive, pulling in bids worth KSh 858.7 million out of the KSh 10 billion offered, an underperformance of 8.6% with the CBK accepting the entire amount that is below the KSh 10 billion it was seeking.
The 364-day Treasury Bills received bids worth KSh 3.7 billion out of the KSh 10 billion offered, a performance rate of 36.9% with the state fiscal agent accepting all the bids.
CBK Offer to Bidders
Interest rates offered by CBK for the 91-day, 182-day and 364-day Treasury Bills were 7.7%, 7.9% and 8.3% respectively at the auction compared to 7.4%, 7.8% and 8.2% at the previous auction.
At last week’s Treasury Bills Auction, demand remained steady with the overall subscription rate holding at 99%.
Investors submitted bids totalling KSh 13.99bn, of which the fiscal agent accepted KSh 13.97Bn resulting into the performance rate of 99%.
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