CBK has recorded a 96.61% performance rate at weekly auction

Central Bank of Kenya(CBK) received bids worth KSh 23.19 Billion at the weekly Treasury Bills Auction, representing a subscription of 96.61% and accepted KSh 23.15 Billion.

The most attractive instrument was the 91-day Treasury Bills with investors submitting bids worth KSh 5.653 Billion, an oversubscription of 141.33% with CBK accepting KSh 5.652 Billion, made up of KSh 5.027 Billion in competitive bids and KSh 625.35 Million in non-competitive bids.

The 364-day Treasury Bills received bids worth KSh 11.199 Billion out of KSh 10 Billion that was on offer, representing an oversubscription of 112%.

The least attractive debt instrument was the 182-day Treasury Bills which received bids worth KSh 6.333 Billion out of the KSh 10 Billion on offer, a performance rate of 63.34% with the CBK accepting KSh 6.332 Billion made up of KSh 5.947 Billion in competitive bids and KSh 384.87 Million in non-competitive bids.

CBK rate of return offered to investors at the auction

Interest rates paid to investors for the 91-day, 182-day and 364-day Treasury Bills was 7.345%, 8.041% and 9.444% respectively, at this auction compared to 7.271%, 8.095% and 9.367% at he previous auction.

Bids closure and the next auction is slotted for 13th January 2022 while results will be announced on 14th January 2022 . CBK will be seeking KSh 29.1 Billion for loan redemptions and KSh 5.1 Billion in new borrowings/net loan repayments.

ALSO READ: CBK Collects KSh 27.4 Billion from Treasury Bonds Auction