CBK Raises Ksh23.97Bn from T-Bills, an Oversubscribition of 112.7pct

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Dr Patrick Njoroge, CBK Governor Displaying some of the new currency Notes

Kenya Treasury bills were oversubscribed by 100.37 percent an increase from 62.6 percent recorded the previous week underscoring the ample liquidity in the market.

The Central Bank of Kenya (CBK) had offered KSh4 billion,  KSh10 billion and KSh10 billion for the 91-day, 182-day and 364-days papers, respectively.

The 91-day paper received bids worth KSh 7,670.62 billion, 182-day paper attracted KSh 4,485.22 billion while the 364-day paper received Ksh 11,932.41 billion. 

The CBK raised Ksh23.97 billion from the accepted bids against an advertised target of Ksh24 billion representing 100 percent performance rate.

CBK Raises Ksh23.97Bn from T-Bills, an Oversubscribition of 112.7pct

During the week, the CBK re-opened the 5-year bond seeking to raise Ksh30 billion for budgetary support.

It further announced the sale of a six-year, amortised infrastructure bond (IFB/2020/6)  to raise 25.6 billion shillings this month to fund projects in the current fiscal year budget estimates.

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