Results of today's T-BILL Primary Market Auction   
Oct 18 (Lagos) - Central Bank of Nigeria concluded today's Treasury Bills Primary Market Auction and here are the results. 


 

Auction  Date

18/10/2017

18/10/2017

18/10/2017

Allotment / Issue  Date

19/10/2017

19/10/2017

19/10/2017

Tenor

(91-Day)

(182-Day)

(364-Day)

Offer Amount  (=N=)

32,400,000,000

35,000,000,000

66,385,900,000

Total Subscription (=N=)

10,421,611,000

12,811,225,000

171,405,614,000

Allotment (=N=)

10,250,257,000

11,000,000,000

112,535,643,000

Range of Bid Rates (%):

13.0500 – 13.2500

14.2000 – 20.0000

13.2000 – 18.5000

Stop Rates (%):

13.1000

15.3000

15.5900

 

 

 

 

 

 

 

 

 

      

 

 

 

 




Treasury bills yields are tax free and with the kind of yields on offer, it is very attractive and one of the major reasons why investment into the stock market is poor because all the funds are parked here.





reporting for easykobo.com on Wednesday, Oct 18 2017 from Lagos, Nigeria
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