Results from today's T-Bills Primary Market Auction   March 14 2018
March 14 (Lagos) - Below are the results of today's (March 14 2018) Nigerian T-Bills Primary Market Auction. 



The 364 day bill was heavily oversubscribed, while there was very low demand for the 91 day and 182 day bills.



Many are expecting a buy and hold to expiry approach towards T-bills with the yeilds falling apart. 



 

Auction  Date

14/03/2018

14/03/2018

14/03/2018

Allotment / Issue  Date

15/03/2018

15/03/2018

15/03/2018

Tenor

(91-Day)

(182-Day)

(364-Day)

Offer Amount  (=N=)

9,572,081,000

47,860,402,000

38,288,322,000

Subscription (=N=)

6,217,066,000

12,518,485,000

154,582,081,000

Allotment (=N=)

6,217,066,000

4,002,523,000

85,501,216,000

Range of Bid Rates (%):

11.5000 – 11.7500

12.6000 – 14.2000

12.4900 – 13.9649

Stop Rates (%):

11.7500

13.0000

13.1850

 




reporting for easykobo.com on Wednesday, March 14 2018 from Lagos, Nigeria




Source - analysts at AIICO Capital limited in Victoria Island, Lagos
Copyright @ 2010-2019 Easykobo.com by Naija infotech & solar energy ltd. All rights reserved