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CBK Collects KSh 14.5 B at Weekly Auction

The Central Bank of Kenya(CBK) accepted KSh 14.4 Billion at the Weekly Treasury bills auction after receiving bids worth KSh 14.5 Billion, an under subscription of 60.37%.

This auction’s most attractive instrument was the 364-day Treasury Bills, which received bids amounting to KSh 8.2 Billion against KSh 10 Billion on offer, a performance rate of 81.73%, with the state fiscal agent accepting KSh 8.1 Billion at this auction.

The 91-day Treasury Bills auction received bids worth KSh 2.384 Million, a performance rate of 59.61%, with the CBK accepting KSh 2.382 Million at this auction.

The least attractive was the 182-day Treasury Bills, which received bids worth KSh 8.2 Billion out of KSh 10 Billion on offer, a performance rate with the CBK accepting KSh 8.1 Billion.

Bidders at this auction were offered interest rates of 7.3775, 8.219% and 9.743% for the three months, 182-day and 364-day Treasury Bills, respectively.

This is compared to 7.302%, 8.164% and 9.752% for the respective debt instruments.

The next auction and bids closure will be on 13th April 2022, while results will be announced on 14th April 2022.

ALSO READ:CBK Collects KSh 7.1 B at Weekly T-Bills Auction


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