CBK collects KSh 12.7 billion from weekly t-bills auction

Central Bank of Kenya(CBK)accepted bids with KSh 12.7 Billion from KSh 15.3 Billion received bids, an undersubscription of 63.63%.

Out of the amount accepted KSh 9.6 Billion were competitive bids while KSh 3.1 Billion was in non-competitive bids

The most attractive instrument was the 364 day Treasury Bills which received bids worth KSh 9.2 Billion, a performance rate of 92.24% while CBK accepted KSh 6.8 Billion.

The 91 day Treasury Bills received bids worth KSh 2.1 Billion, a performance rate of 50.29% with the state fiscal agent accepting KSh 1.9 Billion.

The monetary authority offered interest rate og 7.254%, 8.062% and 9.764% for the 91-day, 182-day and 364 day Treasury Bills respectively at this auction compared to 7.250%, 8.075% and 9.724% at the previous auction.

Bids closure and the next auction is 3rd March 2022 while results will be announced on 4th March 2022.