The Central Bank of Kenya has collected Ksh64.176 billion from the September treasury bond auction against the advertised Ksh50 billion. CBK received bids worth Ksh81.677 billion representing a 163 percent performance rate.
The bank had come to the domestic market earlier this month seeking Ksh50 billion for budgetary support through the reopened fifteen-year and twenty-year fixed coupon bonds.
The bonds; FXD2/2010/15 with a 5.3 years tenor and a 9.00 percent per annum coupon rate raised Ksh11.019 billion. The FXD1/2020/15 with a 14.5 years tenor and a 12.756 percent per annum coupon rate raised Ksh45.692 billion. Finally, the FX1/2011/20 with a 10.7 years tenor and a 10.00 percent per annum coupon rate raised Ksh7.465 billion.
Treasury started the fiscal year 2020/21 on a high borrowing gear seeing that it borrowed KSh 465 billion in July and August from the domestic market.