The Central Bank of Kenya (CBK) collected bids worth 23.3 billion Kenyan Shillings the recent Treasury Bills Auction it held on Thursday the 18th of March 2021.
The Kenyan Government’s fiscal agent received bids which amounted to 27.6 billion Kenyan Shillings from investors against its offer of Treasury Bills worth 24 billion Kenyan Shillings at this auction.
According to Kenyan Wallstreet the 1 year Treasury Bills were the most attractive during the Open Market Operation. It hit bids worth 15.1 billion Kenyan Shillings out of the 10 billion Kenyan Shillings that were on offer.
The Central Bank of Kenya (CBK) accepted 11.7 billion Kenyan Shillings which amounts to a performance rate of 150.77 percent.
The 6 month Treasury Bill was the least attractive as it had bids worth 6.1 billion Kenyan Shillings accepted out of the 10 billion Kenyan Shillings offered. This resulted in an undersubscription of 70.99 percent. For the Treasury Bills of 182 days they received bids worth 7.1 billion Kenyan Shillings.
For the 91 day Treasury Bills they received bids worth 5.4 billion Kenyan Shillings out of the 4 billion Kenyan Shillings on offer. The Central Bank of Kenya (CBK) accepted the entire 5.4 billion Kenyan Shillings which is a performance rate of 135.56 percent.
Competitive bids at the 18th of March 2021 Treasury Bills Auction hit 17.6 billion Kenyan Shillings, while the non-competitive bids hit 5.7 billion Kenyan Shillings.
All successful investors will be required to carry out their payments to the Central Bank of Kenya (CBK) by today the 22nd of March 2021.
For the 91 day Treasury Bills, they had an interest rate of 7.071 percent at the 18th of March 2021 Treasury Bills Auction. This is significantly higher than the 7.024 percent interest rate at the previous auction.
For the 1 year Treasury Bills they had a rate of return of 9.213 percent at the 18th of March 2021 Treasury Bills Auction compared to the 9.144 percent at the last auction.
For the 182 day Treasury Bills their comparative average interest rates during the 18th of March 2021 Treasury Bills Auction stood at 7.884 percent compared to 7.832 percent at the previous auction.
The next Treasury Bills Auction and bids closure will be taking place on the 25th of March 2021. During this time the Government’s fiscal agent will be looking to hit 24 billion Kenyan Shillings in repayments, redemptions, and borrowings.
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