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Yield on Kenya's 182-,364-day Treasuries edges lower at auction
May 14, 2014 / 2:23 PM / 3 years ago

Yield on Kenya's 182-,364-day Treasuries edges lower at auction

NAIROBI, May 14 (Reuters) - The weighted average yield on Kenya's 182-day paper edged lower to 9.851 percent at auction on Wednesday compared with 9.872 percent last week, the central bank said.

The yield on 364-day paper slipped to 10.071 percent, compared with 10.083 percent a week earlier.

The bank said it received bids worth a total 9.402 billion shillings ($107.82 million) for the 6 billion shillings worth of bills on offer for the two papers. It accepted bids worth 8.325 billion shillings.

The bank said it would offer a total of 9 billion shilling for 91-, 182- and 364-day paper next week.

$1 = 87.2000 Kenyan Shillings Reporting by Drazen Jorgic; Editing by James Macharia

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