CBK Collects KSh 27.9 Billion at Weekly T-Bills Auction, 119.5% Oversubscription

The Central Bank of Kenya(CBK) received bids worth KSh 28.7 Billion out of the KSh 24 Billion offered at the Weekly Treasury Bills Auction, the second oversubscription in the year.

The CBK accepted bids worth KSh 27.9 Billion.

The most attractive instrument was the 364-day Treasury Bills which which received bids worth KSh 14.2 Billion out of the KSh 10 Billion that was offered to investors, a performance rate of 144.29% with CBK accepting KSh 14 Billion.

The 182-day Treasury Bills attracted bids amounting to KSh 12.3 Billion out of the KSh 10 Billion on offer, a performance rate of 123.13% with the state fiscal agent accepting bids worth KSh 12.2 Billion.

The three months Treasury Bills was the least attractive, receiving bids worth KSh 1.9 Billion outof the KSh 4 Billion on offer, a performance rate of 48.14% with CBK accepting KSh 1.7 Billion.

Out of the total amounts accepted at this Auction, competitive bids accepted amounted to KSh 25.5 Billion while non-competitive bids were worth KSh 2.4 Billion.

CBK rate of return to investors

The rate of return on the 91-day, 182-day and 364 day Treasury Bills was 7.331%, 8.069% and 9.510% respectively at this auction. This compares to 7.309%, 8.081% and 9.4745 at the previous auction.

The next Auction and Bids closure is January 27th, 2022 while results will be announced on 28th January 2022.

ALSO READ:CBK Collects KSh 27.4 Billion from Treasury Bonds Auction

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