Kenya: Treasury Snubs Investors' Sh43 Billion at Weekly Treasury Bill Auction

Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion.

The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion -- a 345.87 per cent subscription rate -- as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper.

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