Kenya: Treasury Bills Subscription Stands at 162 per cent

Central Bank of Kenya

April 24, 2018//-Treasury bills subscription rebounded during last week’s auction with a performance rate of 162.46 per cent.

The Central Bank of Kenya (CBK) received total bids worth Sh38.99 billion against an offer of Sh24 billion.

CBK accepted Sh31.74 billion. Yields on the tenors, however, remained relatively static with the 91-, 182-, and 364-day papers being quoted at eight per cent, 10.266 per cent and 11.137 per cent respectively.

“Performance rate for 91-, 182-, and 364- day papers came in at 129.34 per cent, 179.54 per cent and 158.63 per cent respectively,” a CBK notice said.

The 91-day paper attracted bids worth Sh5.17 billion against an offer of Sh4 billion. The Treasury accepted bids worth Sh2.14 billion from investors.

The 182-day paper attracted bids worth Sh17.95 billion against an offer of Sh10 billion. The Treasury accepted bids worth Sh15.98 billion.

For the 364-day paper, investors put in bids worth Sh15.86 billion against an offer of Sh10 billion, with the Treasury accepting Sh13.61 billion from them.

businessdailyafrica.com

 

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