The Central Bank of Kenya(CBK) accepted KSh 33.1 Billion at the April Treasury Bonds tap sale. It received bids worth KSh 34 Billion worth of KSh 40 Billion offered at the auction, representing a performance rate of 85.11%.
These amounts are intended for use by National Treasury for budgetary support.
CBK auction results indicate that accepted amounts comprised KSh 31.1 Billion in competitive bids and KSh 2 Billion in non-competitive bids.
The CBK offered successful bidders a coupon rate was 11.766%.
The next April T-Bonds tap sale is for the 15-year Treasury Bonds, where the Government’s fiscal agent intends to raise KSh 30 Billion.
The sale period for this tenor began on 24th March 2022 and ends on 19th April 2022, and an auction is set for 20th April 2022.
CBK will rediscount the bonds as a last resort at 3% above the prevailing market yield or coupon rate, whichever is higher, upon written confirmation from the Nairobi Securities Exchange.
Secondary trading in multiples of KSh 50,000.00 will commence on Tuesday, 12th April 2022 for the three year fixed coupon T-Bonds and Tuesday, 26th April 2022 for the 15-year fixed coupon T-Bonds.