April 18 (Lagos) - Below are the results from today's Nigerian Treasury Bills Primary Market Auction.
The subscription was extremely bullish across all tenors and the yields fell as expected.
This is a good note for the overall economy. We are finally bouncing back. While the 19|% yeild of last year was excellent for T-bills investors, it was a flashing red light for the economy and we should be happy those days are over for the sake of the Macro environment.
Kindly find below results of today’s Nigerian Treasury Bills Primary Auction:
Auction Date | 18/04/2018 | 18/04/2018 | 18/04/2018 |
Allotment / Issue Date | 19/04/2018 | 19/04/2018 | 19/04/2018 |
Tenor | (91-Day) | (182-Day) | (364-Day) |
Offer Amount (=N=) | 5,849,034,000 | 29,245,168,000 | 23,396,134,000 |
Total Subscription (=N=) | 18,539,220,000 | 46,578,911,000 | 374,006,821,000 |
Allotment (=N=) | 5,849,034,000 | 29,245,168,000 | 23,396,134,000 |
Range of Bid Rates (%): | 10.9000 – 13.0000 | 11.5000 – 13.6000 | 11.5000 – 15.1000 |
Stop Rates (%): | 10.9000 | 12.0000 | 12.0780
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reporting for easykobo.com on Wednesday, April 18 2018 from Lagos, Nigeria
Source - analysts at
AIICO Capital Ltd