CBK collects KSh 20.5 billion at weekly t-bills auction

The Central Bank of Kenya(CBK) accepted KSh 20.452 Billion at the Weekly Treasury Bills Auction, out of bids worth KSh 26.6 Billion received, representing an oversubscription rate of 110.74%.

CBK offer to investors

The most attractive was the 364 days Treasury Bills, which received bids worth KSh 22.3 Billion out of KSh 10 Billion offered, an oversubscription of 222.62%. Interest rate for this one year T- Bill was 9.365% at this auction compared to 9.424% at the previous auction.

The 91-day Treasury Bills attracted bids worth KSh 1.428 Billion out of the KSh 4 Billion offered, with the CBK accepting KSh 1.398 Billion, a performance rate of 35.71%. Investors were offered a return of 7.156% for this three-month Treasury Bills compared to 7.152% at the previous auction.

The 182-day Treasury Bills was the least attractive, with KSh 2.885 Billion received out of KSh 10 Billion offered, a performance rate of 28.86%. Accepted bids were worth KSh 2.856 Billion, offering investors a return of 7.995% compared to 7.990% at the previous auction.

The next auction and bids closure is 20th May 2021, where the Government’s fiscal agent will be offering T Bills worth KSh 24 Billion.