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CBK accepts KSh 13.9 Billion at weekly T Bills Auction

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The Central Bank of Kenya(CBK) accepted KSh 13.9 Billion out of KSh 15.8 Billion bids received and KSh 24 Billion on offer- a performance rate of 66.02%.

The 91 day Treasury Bills received bids worth KSh 2.638 Billion with the CBK accepting KSh 2.637 Billion, a performance rate of 65.97%.

The 182-day Treasury Bills was the most attractive with bids worth KSh 7.4 Billion received out of KSh 10 Billion on offer, a performance rate of 74.16% with the government’s fiscal agent accepting KSh 5.5 Billion.

The 364-day Treasury Bills received bids worth KSh 5.8 Billion out of KSh 10 Billion on offer, a performance rate of 57.90% with the CBK accepting the entire amount.

Interest rates offered for the 91-day, 182-day and 364-day Treasury Bills was 7.040%, 7.486% and 8.489% respectively at this auction. This is compared to 7.020%,7.417% and 8.355% at the previous auction.

The next auction and bids closure is 4th November 2021 with results to be announced on 5th November 2021.

ALSO READ: CBK Collects KSh 15.8 Billion from Weekly T-Bills Auction

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