Treasury Bond Auction Raises KSh64.2 Billion in September

Treasury Bond Auction Raises KSh64.2 Billion in September

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.

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