Kenya 91-day Treasury bill yield edges down to 8.357 pct in auction

NAIROBI, KENYA: The weighted average yield on Kenya's 91-day Treasury bill inched down to 8.357 percent in auction from 8.378 percent last week, the central bank said on Thursday.

The bank offered 1 billion shillings ($10.50 million) worth of the bill and received bids worth 1.516 billion shillings, representing a subscription rate of 151.69 percent.

It accepted 1.515 billion shillings worth of the bids.