The Central Bank of Kenya (CBK) received Ksh.7.124 billion at the Weekly Treasury Bills Auction from the Ksh.24 billion on offer, an under subscription of 29.69 percent.
The National Treasury accepted Ksh.7.100 billion, with the 91 days T-Bills being the most attractive, whereas CBK took Ksh.1.5
T-bills were oversubscribed, with the overall subscription rate coming in at 156.4 percent, up from the 96.6 percent recorded the previous week.
This is attributable to the eased liquidity in the money market.
The 364-day paper recorded the highest subscription rate, receiving bids worth Ksh.19.4 billion against
In what is seen as this year’s last Treasury Bond (T-Bond) offer, the National Treasury managed to raise Ksh.37.8 billion.
The December bonds featuring reopened 10 and 20-year papers were oversubscribed with investor bids tallying to Ksh.41.2 billion against an initial target of Ksh.40 billion.