Treasury bill offers
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.