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