Kenya Treasury bills · auction of 18 April 2011
Kenya T-bill auction, 18 April 2011: 364-day at 4.998%
At the Treasury bill auction dated 18 April 2011, the Central Bank of Kenya cleared the 364-day bill at 4.998%.
The auction was undersubscribed: bids totalled KES 1.7bn against KES 5.0bn on offer, a subscription rate of 34%. The government accepted KES 0.5bn, or 31% of what was bid.
What this means for KES 100,000
Worked from the published rate · information, not advice
KES 4,248 in 12 months on the 364-day bill, after tax
Put KES 100,000 into the 364-day bill at this auction and you get back KES 104,248 after 12 months: KES 4,248 in interest after 15% withholding tax (KES 4,998 before), about KES 354 a month.
The Central Bank’s minimum bid is KES 100,000, and the government pays the full amount at maturity; the risk is Kenya’s government not paying, and the money is locked until then.
Kwa Kiswahili
Ukiweka KES 100,000 kwenye hati ya siku 364 kwa riba ya mnada huu, utarudishiwa KES 104,248 baada ya miezi 12: riba ya KES 4,248 baada ya kodi ya zuio ya 15% (KES 4,998 kabla ya kodi), yaani takriban KES 354 kwa mwezi.
Kiwango cha chini cha Benki Kuu ni KES 100,000. Serikali hulipa yote mwishoni mwa muda; hatari ni serikali kushindwa kulipa, na pesa haipatikani hadi muda uishe.
Compare with money market funds and bank deposits, after tax →
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Subscription | Accepted | Price /100 |
|---|---|---|---|---|---|---|---|
| 364-day | 4.998% | — | KES 5.00bn | KES 1.72bn | 34% | KES 0.53bn | 95.252 |
Source: Central Bank of Kenya result notice · the PDF these figures were read from
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