CBK Collects KSh 7.1 B at Weekly T-Bills Auction

Central Bank of Kenya(CBK) received bids worth KSh KSh 7.124 Billion at the Weekly Treasury Bills Auction out of the KSh 24 Billion on offer, an under subscription of 29.69%-the lowest performance rate since the year began.

The state fiscal agent accepted KSh 7.100 Billion, with the 91 days T-Bills being the most attractive, where CBK took KSh 1.5 Billion out of the KSh 4 Billion on offer and received bids worth KSh 5.1 Billion.

The 182-day T Bills received bids worth KSh 3.1 Billion out of the KSh 10 Billion on offer, with the CBK accepting the entire amount, a performance rate of 31.32%.

The least attractive instrument was the 364 day Treasury Bills which received bids worth KSh 2.5 Billion, an undersubscription of 24.71%, with CBK accepting KSh 2.4 Billion.

The state fiscal agent offered investors an interest rate of 7.302%, 8.164% and 9.752% for the 91-day, 182-day and 364-day Treasury Bills, respectively, at this auction. This is compared to interest rates of 7.283%, 8.134% and 9.767% at the previous auction.

Bids closure and the next T Bills Auction is 7th April 2022, while results will be announced on 8th April 2022.

ALSO READ:CBK Collects KSh 13.2 Billion at T-Bills Auction

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