Trea­sury bill of­fers

Business Daily (Kenya) - - TOP NEWS -

The Trea­sury of­fers, through its fis­cal agent the Cen­tral Bank of Kenya, a to­tal of Sh24 bil­lion in three-, six- and oneyear T-bills. The 91-day T-bill will have Sh4 bil­lion on of­fer, 182-day T-bill will have Sh10 bil­lion while the 364-day pa­per will have Sh10 bil­lion as well on of­fer. The Trea­sury has been seek­ing in­creas­ingly lower rates for gov­ern­ment pa­per in a bid to min­imise its in­ter­est pay­ments. From the cash raised in the auc­tion, re­demp­tions are ex­pected to take up Sh15.55 bil­lion with the new bor­row­ing set at Sh8.45 bil­lion.

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