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| The Central Bank is expected to sell Treasury bills of all maturities worth Sh12 billion, the usual amount, at two separate auctions. |
Nairobi; Kenya: Demand for Kenya’s Treasury bills is likely to rise at this week’s sale as investors seek new berths for their funds after more than half their bids for an infrastructure bond were rejected. The Central Bank accepted only Sh16 billion of bids for the 12-year infrastructure bond it sold on October 22, out of bids totalling 39 billion shillings ($437 million).
“That money (rejected bids) will be chasing securities,” said Sammy Maikweki, a fixed-income trader at Sterling Investment Bank.
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