This archive report was first published on 24 September 2021.
On September 24, 2021, the Central Bank of Kenya (CBK) concluded its weekly Treasury Bills Auction, accepting KSh 10.153 Billion in bids, despite receiving offers worth KSh 10.159 Billion, resulting in an under subscription of 42.33%.
Of the total bids received, KSh 7,290.00 Million were competitive, while KSh 2,863.31 Million were non-competitive.
The 91-day Treasury Bills were the most sought-after, with bids worth KSh 4,793.79 Million, exceeding the KSh 4,000 Million on offer by 119.84%, and the CBK accepting KSh 4,787.65 Million.
The 182-day Treasury Bills received bids worth KSh 4,670.80 Million, out of the KSh 10,000 Million on offer, resulting in a performance rate of 46.71%, with the CBK accepting the entire amount.
Meanwhile, the 364-day Treasury Bills saw bids worth KSh 695.1 Million, out of the KSh 10,000 Million on offer, with an undersubscription of 6.95%, and the CBK accepting KSh 694.9 Million.
Investors were offered a rate of return of 6.896%, 7.282%, and 7.890% for the 91-day, 182-day, and 364-day Treasury Bills, respectively, compared to 6.870%, 7.250%, and 7.845% at the previous auction.
The next auction and bids closure is scheduled for September 30, 2021, with results to be announced on October 1, 2021.
