The Central Bank of Kenya(CBK) accepted bids worth KSh 18.5 Billion out of KSh 43.6 Billion at the Weekly Treasury Bills Auction, an oversubscription of 181.76%.
The most attractive instrument was the 91 days Treasury Bills, where investors submitted bids worth KSh 8.4 Billion out of the KSh 4 Billion offered, a performance rate of 209.7%. The Central Bank accepted KSh 6.8 Billion.
The 364-day T Bills received bids worth KSh 24.3 Billion out of the KSh 10 Billion that was offered, with the CBK accepting KSh 3.8 Billion, a performance rate of 243.01%.
The 182-day T-Bills attracted bids worth KSh 10.9 Billion out of the KSh 10 Billion that was on offer, a performance rate of 109.33%, with the Central Bank accepting KSh 7.9 Billion.
CBK rate of return to bidders
The 91-day, six months and one year Treasury Bills attracted a rate of return of 7.104%, 7.731% and 8.648%, respectively. This is compared to interest rates of 7.137%, 7.818% and 8.973% at the previous auction.
The next auction and bids closure is 17th June 2021, with results to be announced on 18th June 2021.
The Government’s fiscal agent has said the actual amount to be realised from the auction would be subject to National Treasury’s immediate liquidity requirements for the week.