CBK revealed that the funds will be used to roll over maturing debt worth KSh 13.03 billion, with the remaining KSh 34.14 billion constituting new borrowing for the National Treasury. The 364-day Treasury Bill was the clear favourite for the investors, receiving bids worth KSh 38.58 billion against the KSh 10 billion offered, an oversubscription rate of 385.8%. The 91-day bill was also oversubscribed, receiving KSh 6.35 billion bids against a KSh 4 billion offer (158.8% performance). In contrast, the 182-day tenor saw relatively tepid interest, attracting only KSh 2.28 billion against a KSh 10 billion target, with a low performance rate of 22.8%. Of the KSh 47.18 billion total accepted, KSh 13.03 billion was allocated to refinance or roll over maturing debt from previous issues.