![]() ![]() ![]() The subscription rate for the 182-day paper increased to 152.3%, from 31.3% recorded the previous week, while the subscription rate for the 364-day paper also declined to 10.0%, from 10.9% recorded the previous week. Investors’ continued interest in the 91-day paper during the week is mainly attributable to the paper’s higher return on a risk adjusted basis compared to the rest. Focus of the Week Executive Summary Fixed Incomeĭuring the week, T-bills were oversubscribed, with the overall subscription rate coming in at 118.2%, an increase from the 29.3% recorded the previous week attributable to the high liquidity in the money markets the dramatic increase in subscription was due to the closure of the three bonds offered earlier in the month. The 91-day paper recorded the highest subscription rate, receiving bids worth Kshs 12.1 bn against the amounts offered Kshs 4.0 bn, translating to a subscription rate of 303.6%, a significant increase from the 70.3% recorded the previous week. ![]()
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