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