The uptake of the one-year government paper at the weekly Treasury bills auction slightly boosted the overall subscription level to 66.82 percent from previous 51.54 percent.
The 364-day paper attracted bids worth Sh10.56 billion against a Sh10 billion offer, a 105.64 percent performance. Central Bank of Kenya (CBK) accepted the entire amount.
Overall, the auction was able to attract Sh16.03 billion bids against Sh24 billion offers with CBK accepting the entire amount. Yields on the 91-day, 182-day and 364-day papers came in at 7.494 per cent, 8.386 per cent and 9.524 per cent, respectively.
“This week, the acceptance rate for Treasury bills improved to 100 per cent from 97.4 per cent recorded the previous week, with the government accepting Sh16 billion,” said analysts at private equity investment firm Cytonn.
The 91-day paper attracted Sh2.43 billion bids against an offer of Sh4 billion, a 60.97 percent performance rate. CBK accepted the entire amount.
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