The Central Bank of Kenya surpassed borrowing target for the weekly sale of the Treasury bills by nearly half ahead of an estimated Sh197.5 billion in repayments due this and next month. About Sh23.81 billion was borrowed in short-term debt securities, Sh7.81 billion more or 48.81 per cent more than the Sh16 billion target. Week-on-week average interest rate on 91-day T-bill was flat at 8.66 per cent, while yield on 182-day and 364-day facilities rose slightly to 10.55 and 10.94 per cent, respectively. The CBK accepted bids valued at Sh15.12 billion for six-month paper, Sh9.12 billion or 152 per cent more than the target of Sh6 billion.

Source: The Star February 12, 2017 21:11 UTC