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- Investor’s Guide to U.S. Treasury Securities | Project Invested.
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This includes information about the Treasury bill you want to purchase, like the issue number, the maturity period you want, and the face value amount you want to receive upon maturity. It also includes information about yourself, including your names, telephone number, CDS account number, and whether the funds you are investing are coming from a local or offshore source. On the application form, you have two options for selecting a rate, which determines how much you will pay for the bill and, therefore, what your return will be when the bill matures.
The Central Bank then decides what bids it will accept and determines a cutoff. Investors who submitted interest rates above that cutoff do not receive Treasury bills from that auction. The final section on the application form is the Rollover Instructions. To easily facilitate re-investment, investors with maturing bills and bonds can use their returns to purchase further government securities.
The results from the auction are published, both in a daily newspaper and in our statistics section. While investors will typically receive Treasury bills in the amount they applied for, the Central Bank can issue bills for a lower amount. Following the auction, investors need to call or visit the Central Bank or its branches to determine if their applications were successful and to determine how much they owe for their Treasury bills.
Where can you buy Treasury bonds?
If you have submitted an application, it is extremely important that you contact the Central Bank to determine what your payment will be, as you will need to make that payment by 2pm on the following Monday or, if the Monday is a public holiday, the following Tuesday. The payment period for an auction typically closes on the following Monday at 2pm. Successful applicants who fail to submit payments within the payment period can be barred from future investment in government securities.
At the end of the , or day period, the face value amount of the bill will be remitted into the commercial bank account indicated on the CDS account. Alternatively, An Investor may choose to rollover their securities into a new forthcoming issue and in this case, they have to complete application form giving rollover instructions and submit to Central Bank before closure of the period of sale for that bill. The maturity date of the maturing security investment and the value date of the new Treasury bill MUST match for rollover instruction to be successful.
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How Are Treasury Bill Interest Rates Determined?
Secure Treasury bills are units of government debt, meaning that you are investing in the Kenyan Government. Short-Term Treasury bills mature in 91, or days, so you will receive your returns within three, six or 12 months.
Attractive Rates Treasury bills in Kenya offer consistently competitive returns for investors, making them an attractive investment. Auctioned Weekly Day, Day and Day Treasury bills are auctioned each week, providing consistent investment opportunities.
source url Decide How You Want to Invest Treasury bills are offered every week, with maturities of 91 days, days and days. Complete and Submit an Application Form When you are ready to invest, you need to complete a Treasury bill application form.