By GEOFFREY IRUNGUMore by this AuthorThe Treasury raised Sh28.1 billion in last week’s T-bill auction after its latest offers were oversubscribed. Investors put in bids amounting to Sh33.2 billion against an offer of Sh24 billion as liquidity in the money market improved. “The improved liquidity environment manifested itself in this week’s T-Bill auction with an oversubscription of 138 per cent. The CBK received bids worth Sh33 billion against an offer of Sh24 billion,” said Genghis Capital in its report of the auction. It also reflects virtually no change from the rate accepted in the previous auction.

Source: Daily Nation February 03, 2018 09:56 UTC