RESULT from today's T-BILLS PRIMARY MARKET AUCTION   JANUARY 3 2018
Jan 3 (Lagos) - Following are the results from 2018's first NIGERIAN TREASURY BILLS PRIMARY MARKET AUCTION held January 3 2018. 



The yield on the 1 year bills could be enough to send the maturities of late last year back into fixed income investments. T-Bills income is tax-free and with that kind of yield, we can imagine where the safe players are headed looking at the amount subscribed of more than 300 billion Naira. 


 

Auction  Date

03/01/2018

03/01/2018

03/01/2018

Allotment / Issue  Date

04/01/2018

04/01/2018

04/01/2018

Tenor

(91-Day)

(182-Day)

(364-Day)

Offer Amount  (=N=)

11,769,538,000

33,925,693,000

115,845,406,000

Total Subscription (=N=)

24,324,883,000

44,990,159,000

319,186,983,000

Allotment (=N=)

11,769,538,000

33,925,693,000

115,845,406,000

Range of Bid Rates (%):

12.2900 – 13.4100

13.4899 – 17.0000

13.8800 – 18.6000

Stop Rates (%):

12.5499

13.9250

14.3000







reporting for easykobo.com on Wednesday, Jan 3 2018 from Lagos, Nigeria
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