According to the latest data from the Central Bank of Kenya (CBK) shows bids worth Sh24.09 billion against the advertised Sh24 billion, reflecting 100.37 percent performance.
The 91-day bill was oversubscribed as investors bidding was seen to tilt to the 364-day bill, bidding Sh7.67 billion and Sh11.93 billion surpassing the set target of Sh4 billion and Sh10 billion respectively.
The CBK accepted bids worth Sh23.98 billion.
The sales have been rising from the last auction to 7.266 percent for the 91-day note, 8.192 percent for the 182-day note and 9.173 percent for the 364-day bill. This rising has been attributed by to the state continued rise of yields as it borrowing needs increases.
The government has been seen increasing debt bids to be able to finance the curb of the coronavirus as well as support the falling economy.
The government reopened the five-year fixed bond on Tuesday that was issued on May 5, which raised Sh20.78 from investors against the targeted Sh50 billion.