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 12th October 2023 while results will be announced on 13th October 2023.
