Out of the Ksh 24 billion that were offered, the Central Bank of Kenya (CBK) received bids totaling Ksh 5.52 billion this week.
The 91-day Treasury Bills were the most alluring instrument, attracting bids of Ksh 5.8 billion out of Ksh 4 billion put up for auction, with CBK accepting Ksh 2.7 billion, a performance rate of 144.5%.
This was composed of Ksh 958 million in non-competitive bids and Ksh 1.7 billion in competitive bids that were accepted.
The 364-day Treasury Bills were the least appealing instrument, receiving bids totaling Ksh 1.5 billion out of the Ksh 10 billion made available, with CBK accepting the full amount. These securities displayed a 15.14% under subscription.
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Out of the Ksh 10 B offered, the 182-day Treasury Bills received bids totaling Ksh 2.2 B, a 21.96% under performance.
Investors were given a rate of return for the 90-day, 182-day, and 364-day treasury notes at this week’s T-notes auction, which was higher than the 11.785%, 11.863%, and 11.934% offered at the previous auction. These rates were 11.904%, 11.947%, and 12.157%, respectively.
The next Treasury Bills Auction and bids closure are scheduled for July 6, 2023, with Ksh 24 billion being offered. The auction results are announced on July 7, 2023, according to CBK.
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Bids must be submitted by Friday, July 6, 2023, at 2 p.m., and the winning bidders must pay the Central Bank by Tuesday, July 10, 2023, at 2 p.m.
