Home ECONOMY CBK accepts KSh 17.3 Billion at Weekly T Bills Auction

CBK accepts KSh 17.3 Billion at Weekly T Bills Auction

by biasharadigest

The Central Bank of Kenya(CBK) accepted bids worth KSh 17.3 Billion at the Weekly Treasury Bills Auction. This is out of bids worth KSh 36.7 Billion received from investors, an oversubscription of KSh 152.87%.

The 91-day Treasury Bills was the most attractive at the auction, with the CBK accepting KSh 4.5 Billion out of the KSh 4 Billion that was offered and KSh 8.2 Billion worth of bids received, a performance rate of 205.04%.

The 182 days Treasury Bills received bids worth KSh 11.3 Billion out of KSh 10 Billion offered, a performance rate of KSh 10 Billion, a performance rate of 112.52%.

The 364 days Treasury Bills received bids worth KSh 17.2 Billion out of the KSh 10 Billion, a performance rate of 172.34%, with the CBK accepting KSh 5.5 Billion.

The rates for the 91-day, 182-day and 364-day Treasury Bills were 7.000%, 7.536% and 8.105% at this auction compared to 7.104%, 7.731% and 8.648% at the previous auction.

The next auction and bids closure is 24th June 2021, where the actual amount to be realised at the auction subject to immediate liquidity requirements for the week by the National Treasury.

ALSO READ:CBK Accepts Bids Worth KSh 18.5 Billion At T-Bills Auction

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