Central Bank of Kenya (CBK) received bids worth Sh25.54 billion against an offer of Sh24 billion and accepted the entire amount.
The regulator was in liquidity mop-up in the week, and average interbank rate which hit lows of 1.00 percent in the week.
Improved liquidity boosted the overall subscription of Treasury bills at the weekly auction to 106.43 percent from previous 66.82 per cent.
Central Bank of Kenya (CBK) received bids worth Sh25.54 billion against an offer of Sh24 billion and accepted the entire amount.
The regulator was in liquidity mop-up in the week, and average interbank rate which hit lows of 1.00 percent in the week.
“Market weighted average interest rate came in at 7.387 percent (91-day), 8.317 per cent (182-day) and 9.519 per cent (364-day), respectively,” data from CBK showed.
It is only the 182-day paper that was undersubscribed posting a 59.75 per cent performance. The paper attracted bids worth Sh5.97 billion against an offer of Sh10 billion. CBK accepted the entire amount.
The 91-day paper attracted bids worth Sh5.13 billion against an offer of Sh4 billion, a 128.44 per cent performance rate with CBK accepting the entire amount. The 364-day paper attracted bids worth Sh14.43 billion against an offer of Sh10 billion, a 144.30 per cent performance rate.
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