CBK Rejects 89% of Bids Received
The Central Bank of Kenya, in its capacity as fiscal agent for the Republic of Kenya, offered for sale a new 10-year fixed coupon (fixed payment) bond intended for budgetary support purposes. This seems to be in line with the KES 106 billion the government seeks to borrow from…
Yield on 182 Day Bills Rises
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day bills worth KES 2 billion. The bank received bids worth KES 1.17 billion representing a subscription of 59%. The bank accepted all bids received. The yield on the 182 day bills now stands at 10.857% up from 10.737% at the…
Looking for an Investment? Try CBK’s 10-Year Bond
The Central Bank of Kenya, in its capacity as fiscal agent for the Republic of Kenya, has began the sale of a new 10-year fixed coupon (fixed payment) bond intended for budgetary support purposes. This seems to be in line with the KES 106 billion the government seeks to…
Investors Prefer Longer-dated Bills
Yesterday the Central Bank of Kenya (CBK) auctioned 91 day Treasury bills worth KES 2 billion. The bank received 159 bids amounting to KES 632 million representing a subscription rate of 32%. The bank accepted bids worth KES 584 million. The yield on the short term securities increased from 9.801%…
Subscription for Bills Increases
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day Treasury Bills worth KES 2 billion. This is similar to the amount auctioned at the previous auction. Yesterday’s auction was however quite different than last week’s. For one, the number of bids received increased from 73 last week to 77…
Bills Undersubscribed, Yield Edges up Marginally
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day and 364 day Treasury bills worth KES 2 billion each. For the 182 day ones the bank received 73 bids amounting to KES 283 million. This represents a subscription rate of 14%. All the bids were accepted. For the 364…
Results of Yesterday’s T-Bill Auction
Yesterday, the Central Bank of Kenya (CBK) auctioned 182 day Treasury bills worth KES 2 billion. For the bill the bank received 934 bids amounting to KES 1.2 billion which represents a subscription of 59%. Clearly, the trend of gross under-subscription for government securities as we observed at the last…
What To Look Out For At The CBK Auction
This week, the Central Bank of Kenya (CBK) will auction 91 day and 182 day Treasury bills worth KES 2 billion each. The auction for the 91 day bills will be on Thursday 31st while the 182 day auction will be today, Wednesday 30th May. At the auctions, we will…
Yield and Demand for T-Bills Falls
In last week’s auctions of government securities at the Central Bank of Kenya (CBK) the yields fell on all short term securities on offer; the 91 day and the 182 day Treasury bills. The yield on the 91 day bill stood at 9.865% as compared to the 10.075% seen at…
Closing Bell – 28 May 2012
Gainers Price (KES) Change (%) Express Limited 3.75 4.17 Rea Vipingo Plantations 16.85 3.69 KCB 23.00 3.37 Standard Chartered Bank Limited 180.00 2.86 Eveready East Africa Limited 1.90 2.70 Losers Price (KES) Change (%) Uchumi Supermarkets Limited 15.50 9.88 Sameer Limited 4.30 4.44 British-American Insurance 5.60 4.27 Trans-Century Limited 25.00…
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