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CBK Collects KSh 7.8Billion at Weekly T-Bills Auction

The Central Bank of Kenya(CBK) received bids amounting to KSh 8.9 billion at the Weekly Treasury Bills Auction, an undersubscription of 37.14%, with amounts accepted being KSh 7.8 billion.

The most attractive debt instrument was the 91-day treasury bills, which received bids amounting to KSh 4.7 billion out of the KSh 4 billion on offer, with the state fiscal agent accepting KSh 3.95 billion at this auction.

The 364-day treasury bills attracted bids worth KSh 2.4 billion out of the KSh 10 billion on offer, with the CBK accepting KSh 2.3 billion, a performance rate of 24.36%.

The least attractive instrument was the 182-day treasury bills which received bids worth KSh 1.8 billion out of the KSh 10 billion on offer, a performance rate of 17.51%, with the state fiscal agent accepting KSh 1.6 billion.

CBK offer to successful bidders

Successful bidders will be offered a rate of 8.097%, 9.196% and 9.985% for the three months, six months and one-year treasury bills at this auction compared to 8.013%, 9.163% and 9.974% for the respective debt instruments at the previous auction.

Bids closure and the next auction is 7th July 2022, while results will be announced on 8th July 2022.

ALSO READ: CBK Collects KSh 20.3Billion from Weekly T-Bills Auction


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