CBK collects KSh 10.2 Billion from weekly t-bills auction

The Central Bank of Kenya(CBK) accepted KSh 10.153 Billion at the weekly Treasury Bills Auction out of bids received worth KSh 10.159 Billion, an under subscription of 42.33%.

This auction had competitive bids worth KSh 7,290.00 Million and KSh 2,863.31 Million as non-competitive bids.

The 91-day Treasury Bills were the most attractive receiving bids worth KSh 4,793.79 Million out of the KSh 4,000 Million on offer, a performance rate of 119.84% with the CBK accepting KSh 4,787.65 Million.

The 182-day Treasury Bills received bids worth KSh 4,670.80 Million out of the KSh 10,000 Million on offer, a performance rate of 46.71%, with CBK accepting the entire amount.

The 364-day Treasury Bills received bids worth KSh 695.1 Million out of the KSh 10,000 Million on offer, an undersubscription of 6.95% with the CBK accepting KSh 694.9 Million.

Investors were offered a rate of return of 6.896%, 7.282% and 7.890% for the 91-day, 182-day and 364-day Treasury Bills respectively compared to 6.870%, 7.250% and 7.845% at the previous auction.

The next auction and bids closure is 30th September 2021 with results to be announced on 1st October 2021.