Latest Auctioned Treasury Bills Undersubscribed – Report

Treasury bills auctioned last week were met with a low appetite for a long term investment as they were undersubscribed the Newsday reports. Treasury last week announced in a statement that they were floating 300 Million worth of treasury bills and invited stakeholders to invest in the Treasury Bills.

According to the publication the govt managed to raised $81 million from the auction, $219 million short of their target:

In its recent publication, the central bank said it received total bids amounting to $81 million; a figure far below the sum government was hunting for.

2 months ago the govt floated another batch of treasury bill and managed to raise $192 Million. Floating Treasury Bills is a way of raising funds for government activities.

More: NewsDay

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on

RSS Recent Pindula Profiles


Back to top

Write a Comment

Your email address will not be published.