The Central Bank of Kenya last week had two sales, one for 91-day treasury bills and the other for 182-day treasury bills. The 182-day treasury bills on offer amounted to KES 2 billion shillings and the CBK received 125 bids (122 bids accepted) amounting to KES 2.74 billion, a 37% oversubscription. The market weighted average rate was 16.623% while the weighted average accepted rate was the same, 16.623%. This rate is 0.015% lower than the rate offered from the last auction. The CBK accepted bids amounting to KES 2.73 billion.
The 91-day treasury bills auction was also carried out last week with the CBK seeking to raise KES 2 billion shillings. Central Bank received 243 bids (225 accepted) amounting to KES 7.85 billion, representing a whopping 292% oversubscription. The market weighted average rate was 15.383% while the weighted average accepted rate by the CBK was 14.992%. This rate is 0.938% lower than the rate offered from the last auction. Central bank has accepted bids amounting to KES 3.45 billion.
Below is a table with details on the next treasury bills to be auctioned:
