THE MOST FROM THE COAST !

..


 Coastweek website


XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Investors uptake of Kenya’s T-bills low for third week 

NAIROBI (Xinhua) -- Uptake of Kenya’s government securities remained low for the third week in a row as investors kept off the debt market.

The 91-day and 182-day Treasury bills were the worst performers this week, the Central Bank of Kenya (CBK) said in its end of the week bulletin received Saturday.

“The 91-day paper and the 182-day paper were under-subscribed at 60.9 percent and 30.3 percent respectively,” said the CBK, adding the 364-day bill recorded a subscription rate of 105.6 percent.

While the performance of the government securities was a slight improvement from the previous week, it remained low as in the past weeks, the bills have recorded up to 200 percent uptake.

The auction received bids totalling 160 million U.S. dollars against an advertised amount of 240 million dollars.

             

 

Remember: you read it first at coastweek.com !


BestWestern Swiss Cottage Hotel London | Coastweek

 

TO ADVERTISE ON THIS WEB SITE:  www.coastweek.com
Please contact

MOMBASA - GULSHAN JIVRAJ, Mobile: 0722 775164 Tel: (+254) (41) 2230130 /
Wireless: 020 3549187 e-mail: info@coastweek.com

NAIROBI - ANJUM H. ASODIA, Mobile: 0733 775446 Tel: (+254) (020) 3744459
e-mail: anjum@asodia.co.ke

 
    © Coastweek Newspapers Limited               Tel: (+254) (41) 2230130  |  Wireless: 020 3549187  |  E-mail: info@coastweek.com