The Central Bank of Kenya(CBK) accepted bids worth KSh 16.6 Billion at the Weekly Treasury Bills Auction out of KSh 25.3 Billion received from investors, an oversubscription of 105.62%.
The 91 days Treasury Bills was the most attractive, receiving bids worth KSh 10.7 Billion out of the KSh 4 Billion that was offered with the CBK accepting KSh 2 Billion, a performance rate of 267.7%.
The 182 days T Bills received bids worth KSh 5.6 Billion from the KSh 10 Billion that was available with the CBK accepting the entire amount, a performance rate of 56.04%.
The one year Treasury Bills received bids worth KSh 9.037 Billion out of the KSh 10 Billion offered, with the government fiscal agent accepting KSh 9.034 Billion, a performance rate of 90.38%.
The rate of return for the 91day, 182day and 364day Treasury Bills was 6.860%, 7.317% and 7.729%, respectively, compared to 7.000%, 7.536% and 8.105% at the previous auction.
The next auction and bids closure is 1st July 2021, with results to be announced the following day. The actual amount raised will depend on the liquidity requirements of the monetary authority for the week.