By BUUMBA CHIMBULUOVER K600 million has been raised by the Bank of Zambia (BoZ) in the treasury bills auction.The Central bank was only able to raise K660.67 million in Thursday’s Treasury bill sell against the K1.40 billion sought.“Appetite declined to a 52 percent subscription (at face value, 48 percent at cost) in a sign the euphoria for short-term yield had died down post August 2021 events,” according to Access Bank Zambia.On the money market, the bank indicated that market liquidity increased to K3.08 billion from K2.60 billion the previous day.It stated that the market traded a total volume of K690 million, an increase from the K453.50 million traded the previous session.“The overnight lending, in tandem, increased to 8.98 percent from 8.91 percent following intervention seen with the central bank purchasing funds,” the bank stated.Meanwhile, the bank stated that the Kwacha continued on its losing streak during Thursday trading on the back of high importer demand […]
BOZ raises over K600 million in Treasury bills
