Thursday, January 17, 2019 10:51:09 AM- Nigerian Stock Exchange.



  Results from today's T-Bills Primary Market Auction

      held on Jan 2 2019

Jan 2 (Lagos) - Below are the results from 2019's first Nigerian Treasury Bills Primary Market Auction held today. 


All the three T-Bills were heavily oversubscribed and yields continue to go up. The stock market fell more than 1% today and no surprises why because the funds went into t-bills given the yields. 


Those yields are a Happy New Year gift to investors. 


 

Auction  Date

02/01/2019

02/01/2019

02/01/2019

Allotment / Issue  Date

03/01/2019

03/01/2019

03/01/2019

Tenor

(91-Day)

(182-Day)

(364-Day)

Offer Amount  (=N=)

10,000,000,000

20,000,000,000

44,837,720,000

Subscription (=N=)

20,163,183,000

24,505,944,000

69,722,398,000

Allotment (=N=)

10,000,000,000

20,000,000,000

44,837,720,000

Range of Bid Rates (%):

10.5000 – 11.9000

12.8000 – 14.2500

14.4000 – 16.0000

Stop Rates (%):

10.8990

13.1000

14.5000






reporting for easykobo.com on Wednesday, Jan 2 2019 from Lagos, Nigeria



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