The Central Bank of Kenya(CBK) received bids worth KSh 33.1 billion out of the KSh 24 billion it offered at the weekly Treasury Bills Auction, an oversubscription of 138.1%, and accepted bids worth KSh 27.2 billion.

The most attractive debt instrument was the short-term 91-day Treasury Bills which received bids worth KSh 28.6 billion out of KSh 4 billion on offer, with the CBK accepting KSh 24.3 billion, an oversubscription of 714.5%.

The least attractive government paper was the 182-day Treasury Bills which received bids worth KSh 1.4 billion out of KSh 10 billion on offer, an undersubscription of 14.1% with the state fiscal agent accepting bids worth KSh 930.5 Million.

The one-year Treasury Bills auction received bids worth KSh 3.2 billion out of KSh 10 billion on offer, with CBK accepting KSh 2 billion, a performance rate of 31.6%.

CBK offer to investors

The state fiscal agent offered investors a rate of return of 14.8%, 14.9%, and 15.2% for the 91-day, 182-day, and 364-day treasury bills respectively at this auction. These returns have marginal increases compared to what bidders were offered at the previous auction.

Bids closure and the next auction is 12^th October 2023 while results will be announced on 13^th October 2023.