NAIROBI (Xinhua) --
Investors’ uptake of Kenya’s Treasury bills fell
this week as holiday fever hit the east African nation’s debt
Auction data from
the Central Bank of Kenya showed on Friday that the overall
subscription of the three Treasury bills on offer (91, 182 and
364 days) fell to 65 percent this week, from 94 percent in the
Of the three
Treasury bills, the worst performer was the 91-day paper, which
raised 1 billion shillings (9.8 million U.S. dollars) out of the
39.6 million put on sale, said the apex bank.
On the other hand,
the 182-day bill recorded a 54 percent subscription while the
364-day paper posted 94 percent. Bills worth 98 million dollars
each were up for grabs for the two papers.
Last week, T-bills
subscription rate stood at 94 percent, up from 24 percent
recorded in the previous week, with the good performance partly
attributed to improved liquidity in the money market.