This archive report was first published on 29 November 2019.
On 5th December 2019, the Central Bank of Kenya (CBK) will auction Treasury Bills worth KSh 24 billion, in a bid to meet the National Treasury's liquidity requirements.
According to Mr William Nyagaka, Director, Financial Markets at CBK, the actual amount to be realized from the auction will be subject to the National Treasury's immediate liquidity requirements for the week.
The auction will be for three months, six months, and one-year Treasury Bills, with results to be announced on 6th December 2019.
Investors have until 2.00 pm on Thursday, 5th December 2019, to submit their bids.
This move comes after a previous auction on 2nd December 2019, where the CBK offered KSh 24 billion but received bids worth only KSh 8.4 billion, a subscription rate of 34.81 percent.
For non-competitive bids, the CBK is seeking KSh 21.6 billion in the tap sale of a 10-year Treasury bond, with a coupon rate of 12.28 percent.
