NAIROBI (Xinhua) --
Kenya’s government short-term securities were
heavily oversubscribed this week as investors’ appetite for the
Treasury, through the Central Bank, floated Treasury bills worth
240 million U.S. dollars.
Data from the apex
bank showed on Saturday that the Treasury bills auction received
bids totaling 328 million dollars, a subscription rate of 136.83
securities market continued the good performance witnessed in
the recent months. All the three instruments offered were
oversubscribed, with the 364-day Treasury bill getting the
highest subscription rate of 155 percent,” said the Central
Interest rates of
the securities largely remained stable, with the 91-day Treasury
bill rate edging down from 8 percent to 7.97 percent.
In addition, rates
for the 182-day bills stood at 10.26 percent.