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Central Bank meets Sh24 billion Treasury Bill target

About 24.18 billion was borrowed in short-term securities
marginally surpassing Central Bank of Kenya’s borrowing target for the weekly
sale of the Treasury bills of Sh24 billion.

Week-on-week average interest rate on the 182-day T-bill was
flat at 10.32 per cent while yield on 91-day and 364-day facilities rose
slightly to 8.199 and 10.905 per cent respectively.

Bids worth Sh1.17 billion out of the Sh6.83 billion received
during the sale of the 91-day T-bills were accepted. This represents 170.75 per
cent of the Sh4 billion on offer under the debt facility.

Bids worth 9.51 billion out of Sh9.43 billion received
during the sale of the 182-day T-bill were accepted representing 95.1 per cent
of the Sh10 billion on offer under the short-term government security.

The CBK received bids worth Sh7.92 billion on one-year paper
which attracted Sh7.92 billion, a 79.2 per cent subscription of the Sh10
billion on offer. This was higher than bids received last week which stood at
Sh3.43 billion or 38.5 per cent.

The CBK accepted bids worth Sh1.33 billion on one-year paper
which attracted bids worth Sh2.92 billion, a 48.66 per cent subscription of the
Sh6 billion on offer.

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