Kenya Raised KES 24.35bn from Treasury Bills Auction
Kenya raised KES 24.35 billion from Treasury bill allotment at its weekly primary market auction last week. The rates on the short-term investment securities remain attractive across standard tenors.
The weekly Treasury bills auction was oversubscribed, recording a subscription rate of 102.3%, with total bids of KES 24.55 billion against an offer of KES 24.00 billion.
According to the fixed income market analysts’ update, the authority allocated Kenyan Treasury bills worth KES 24.53 billion from the bids received at the auction.
Auction results indicated that investor appetite was largely concentrated on the 91-day paper, which posted a subscription rate of 199.4% after attracting KES 7.98 billion in bids, of which KES 7.96 billion was accepted.
The 182-day Kenya Treasury paper also recorded robust demand, receiving KES 10.85 billion in bids (108.5% subscription), with the entire amount being accepted.
Pergamon Investment Bank said the auction’s performance was supported by a KES 35.02 billion coupon payment, scheduled to mature on 13th April 2026.
A further KES 32.87Bn is set to mature on 20th April 2026, with the reinvestment of these proceeds expected to support stronger subscription levels in the upcoming auction. #Kenya Raised KES 24.35bn from Treasury Bills Auction CBN Slices Interest Rates on 182, 364-Day Treasury bills
