The Central Bank of Kenya accepted KSh 70.86 billion from KSh 99.47 billion in bids, against KSh 50 billion on offer. The new 30-year bond drew KSh 62.40 billion in bids, and CBK accepted KSh 40.95 billion of it.
The Central Bank of Kenya (CBK) took in KSh 70.86 billion at its first Treasury bond auction in November, Business Today reported on Wednesday. That is well above the KSh 50 billion the bank had put on offer.
Investors bid a total of KSh 99.47 billion. The bank accepted part of those bids and rejected the rest.
Most of the demand went to the newly issued 30-year Treasury bond, according to Business Today. That bond attracted KSh 62.40 billion in bids. CBK, which acts as the state's fiscal agent, accepted KSh 40.95 billion of them.
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