CBK auction records the first oversubscription in 2022

Central Bank of Kenya(CBK) received bids worth KSh 37.5 Billion at the weekly Treasury Bills Auction out of KSh 24 Billion that it offered investors, an oversubscription of 156.36%.

The Government’s fiscal agent accepted KSh 31.1 Billion made up of KSh 22.5 Billion in competitive bids and KSh 8.6 Billion in non-competitive bids.

CBK Rates of Return Offered to Bidders

Interest rates paid for the 91-day, 182-day and 364-day Treasury Bills at this auction was 7.309%, 8.081% and 9.474% respectively compared to 7.345%, 8.041% and 9.444% at the previous auction.

The most attractive debt instrument was the 364-day Treasury Bills, which received bids worth KSh 19.4 Billion out of the KSh 10 Billion offered, an oversubscription of 194%. The CBK accepted KSh 13 Billion.

The 182-day Treasury Bills received bids worth KSh 13.7 Billion out of the KSh 10 Billion offered, an oversubscription of 137.22%.

The least attractive instrument was the 91-day Treasury Bills which received bids worth KSh 4.4 Billion out of the KSh 4 Billion offered, an oversubcription of 110.1%, with the CBK accepting bids worth KSh 4.3 Billion.

The next auction and bids closure is January 20th 2022 while results will be announced on January 21st 2022.