Central Bank of Kenya - Treasury Bills Results

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Click here to view the 91 Days Treasury Bills Results

Click here to view the 182 Days Treasury Bills Results

Click here to view the 364 Days Treasury Bills Results

(a) RESULTS OF 91 DAYS TREASURY BILLS ISSUE NO. 1859 VALUE DATED 15/03/2010

This week the Central Bank of Kenya offered 91 day Treasury Bills for a total of Kshs 5 Billion. The total number of bids received was 127 amounting to Kshs 11.06 Billion, representing a 221% subscription rate. Bids accepted amounted to Kshs 5.9 Billion. The auction registered an decline in the Cut-off rate from the previous auction's 6.248% to 6.099%.
Due Date	14/06/2010
Amount Offered (Kshs. M)	5,000.00
Bids Received (Kshs.M)	11,061.80
Performance Rate (%)	221
Number of Bids Received	127
Number of Successful Bids	93
Amount Accepted (Kshs. M)	5,995.25
Of Which: Competitive Bids	5,762.19
Non-Competitive Bids	233.06
Purpose / Application of Funds: Rollover / Redemptions - 91 Days Rollover / Redemptions - 182 Days
Total Redemptions
New Borrowing	5,995.25
Cut-off Interest Rate (%)	6.099%
Price per Kshs 100 at Cut-off rate	98.502

(b) Comparative Interest Rates

	This Auction(%)	Last Auction	Variance
Value Dates	15/03/2010	01/03/2010
Cut-off Interest Rates (%)	6.099	6.248	0.149

OFFER AMOUNT (Kshs. M) of which:	8,500.00
Redemptions	11,825.46
Net Repayment	3,325.46

The actual amount to be realised from the auction will be subject to Treasury's immediate liquidity requirements for the week. Competitive bids above cut-off may be accepted and allocated on a pro-rata basis at a price equivalent to cut-off rate. The Central Bank reserves the right to accept/reject bids in part or in full without giving any reason. Individual bids must be of a minimum face value KShs. 100,000.

Only CDS holders with updated mandates are eligible.

Bids must be submitted using the specified format and must reach the Central Bank (HQ of Branch) by 2.00 PM on Thursday, 4th March 2010. Payments of Kshs.1 million and above must be made by electronic tranfer using KEPSS and by Banker's cheque for amounts below Kshs.1.million and must reach the Central Bank on Monday 18th March 2010 not later than 2.00 p.m. for cheques and 3.00p.m. for KEPSS transfers.Please provide the following details with each payment; name, reference No., CDS account No., and include 'Government Treasury Bills account No. 01-070-0001' when using KEPSS.

(d) Non-Competitive Bids

Non-competitive bids are subject to a maximum of Kshs. 10 Million per investor and are issued at the average tender rate

(e) Rollovers

Investors wishing to rollover maturing Treasury bills can do so by submitting rollover instructions to the Central Bank by 2.00 p.m Wednesday 17th March, 2010

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(a) RESULTS OF 182 DAYS TREASURY BILLS ISSUE NO. 1858 VALUE DATED 08/03/2010

	182 Days
This week the Central Bank of Kenya offered 182 day Treasury Bills for a total of Kshs 8.5 Billion. The total number of bids received was 180 amounting to Kshs 16.3Billion, representing a 192% subscription rate. Bids accepted amounted to Kshs 8.6 Billion. The auction registered a decline in the cut off rate from the previous auction's 6.599% to 6.497%.
Due Date	06/09/2010
Amount Offered (Kshs. M)	8,500.00
Bids Received (Kshs.M)	16,289.92
Performance Rate (%)	192
Number of Bids Received	180
Number of Successful Bids	144
Amount Accepted (Kshs. M)	8,601.43
Of Which: Competitive Bids	7,632.22
Non-Competitive Bids	969.20
Purpose/ Application of Funds:
Rollover/ Redemptions - 91 days	4,594.01
Rollover/ Redemptions - 182 days	9,283.91
Total Redemptions	13,877.92
Net Repayment	5,276.49
Cut-off Interest Rate (%)	6.497%
Price per Kshs 100 at Cut-off Rate	96.862

b) Comparative Interest Rates

	This Auction	Last Auction	Variance
Value Dates	08/03/2010	22/02/2010
Cut-off Interest Rates (%)	6.497	6.599	0.102

Offer Amount (Kshs M) of which:	5,000.00
Redemptions -	-
New Borrowing	5,000.00

Only CDS holders with updated mandates are eligible.

Bids must be submitted using the specified format and must reach the Central Bank (HQ or Branch) by 2.00 p.m. on Thursday, 11th March 2010. Payments of Kshs.1million and above must be made by electronic tranfer using RTGS and by Banker's cheque for amounts below Kshs.1.million and must reach the Central Bank on Monday 15th March 2010 not later than 2.00 p.m. for cheques and 3.00p.m. for KEPSS transfers. Please provide the following details with each payment; name, reference No., CDS account No., and include 'Government Treasury Bills account No. 01-070-0001' when using RTGS.

Non-competitive bids are subject to a maximum of Kshs. 10 Million per investor and are issued at the average tender rate

(e) Rollovers

Investor wishing to rollover maturing Treasury bills can do so by submitting rollover instructions to the Central Bank by 2.00 p.m Wednesday 10th March, 2010.

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(a) RESULTS OF 364 DAYS TREASURY BILLS ISSUE NO. 1847 VALUE DATED 08/02/2010

	364 Days
This week the Central Bank of Kenya offered 364 day Treasury Bill for a total of Kshs 8.5 Billion. The total number of bids received was 90 amounting to Kshs 8.14 Billion, representing a 96% subscription rate. Bids accepted amounted to Kshs. 8.15 Billion. The auction registered a decline in the weighted average rate for successful bids from the previous auction's 8.008% to 7.383%.
Due Date	07/02/2011
Amount Offered (Kshs. M)	8,500.00
Bids Received (Kshs.M)	8,142.78
Performance Rate (%)	96
Number of Bids Received	90
Number of Successful Bids	90
Amount Accepted (Kshs. M)	8,149.20
Of Which: Competitive Bids	7,948.11
Non-Competitive Bids	201.09
Purpose/ Application of Funds:
Rollover/ Redemptions - 364 days	-
Total Redemptions
New Borrowing	8,149.20
Average Interest Rate (%)	7.383%
Price per Kshs 100 at Average Rate	93.142
Cut-off Interest Rate	7.500%
Price per Kshs 100 at Cut-off Rate	93.041
12 Week Moving Average Rate (%)	N/A

b) Comparative Interest Rates

	This Auction	Last Auction	Variance
Value Dates	08/02/2010	14/12/2009
Average Interest Rates (%)	7.383	8.008	0.625
Cut-off Interest Rates	7.500	8.155	0.655

Offer Amount (Kshs M) of which:	8,500.00
Rollover/ Redemptions - 364 days	-
New Borrowing	8,500.00

Only CDS holders with updated mandates are eligible.

Bids must be submitted using the specified format and must reach the Central Bank (HQ or Branch) by 2.00 p.m. on Wednesday, 14th April 2010. Payments of Kshs.1million and above must be made by electronic tranfer using RTGS and by Banker's cheque for amounts below Kshs.1.million and must reach the Central Bank on Monday 19th April 2010 not later than 2.00 p.m. for cheques and 3.00p.m. for electronic transfers. Please provide the following details with each payment; name, reference No., CDS account No., and include 'Government Treasury Bills account No. 01-070-0001' when using RTGS.

Non-competitive bids are subject to a maximum of Kshs. 10 Million per investor and are issued at the average tender rate

(e) Rollovers

Investor wishing to rollover maturing Treasury bills can do so by submitting rollover instructions to the Central Bank by 2.00 p.m Wednesday 14th April, 2010.