CBK Accepts KSh 11.9 Billion at the Weekly T-Bills Auction

Central Bank of Kenya(CBK) has accepted bids worth KSh 11.9 Billion at the weekly Treasury Bills Auction, an under subscription of 65.7%, out of bids worth KSh 15.8 Billion received and KSh 24 Billion offered.

The 91-day Treasury Bills was the most attractive, receiving bids worth KSh 5.1 Billion out of the KSh 4 Billion that was accepted with the CBK accepting the entire amount.

The 364-day Treasury Bills received bids worth KSh 5.2 Billion out of the KSh 10 Billion offered, a performance rate of 51.7%, the least attractive debt instrument at this auction.

The 182-day Treasury Bills received bids worth KSh 5.5 Billion out of the KSh 10 Billion on offer at this auction, a performance rate of 55.2%.

Interest rates offered for the 91-day, 182-day and 364-day Treasury Bills was 7.280%, 7.984% and 9.091% respectively at this auction compared to 7.232%, 7.854% and 9.016% at the prior auction.

Bids closure and the next auction is 16th December 2021 with results to be announced the next day on December 17th 2021. CBK will be seeking KSh 16.3 Billion for loan redemptions and KSh 7.8 Billion in new borrowings as well as net loan repayments.

At the prior weekly T Bills auction, which took place on December 2 2021, the CBK recorded an undersubscribed at the rate of 85.58%. The 91-day paper was oversubscribed with a performance rate of 217.30% while the 182-day and 364-day papers were undersubscribed at 52.52% and 88.99% respectively.

CBK accepted 95.18% of the KSh 22.84Billion worth of bids received.

Results for the re-opened 10-year and 20-year Treasury Bonds shows that the CBK received a total of KSh 41.2 Billion out of the KSh 40 Billion offered, a performance rate of 102.94%, with the CBK accepting KSh 37.8 Billion.

This was made of KSh 29.9 Billion in competitive bids and KSh 7.8 Billion, amounts that will be used for new borrowings and net loan repayments.

ALSO READ: CBK eyes KSh 40 Billion in December T-Bond Sale

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