May 30 (Lagos) - We are back from the Democracy Day break and things are getting busy.
Below are the results of today's (May 30 2018) Nigerian Treasury Bills Primary Market Auction.
Although there was over-subscription across the tenors, the allotment was not increased. This is likely to sent yields lower.
Auction Date | 30/05/2018 | 30/05/2018 | 16/05/2018 |
Allotment / Issue Date | 31/05/2018 | 31/05/2018 | 17/05/2018 |
Tenor | (91-Day) | (182-Day) | (364-Day) |
Offer Amount (=N=) | 4,960,588,000 | 24,802,939,000 | 19,842,352,000 |
Total Subscription (=N=) | 5,210,588,000 | 34,853,939,000 | 62,983,039,000 |
Allotment (=N=) | 4,960,588,000 | 24,802,939,000 | 19,842,352,000 |
Range of Bid Rates (%): | 9.7000 – 12.0000 | 10.0000 – 13.2000 | 10.0000 – 12.5000 |
Stop Rates (%): | 10.0000 | 10.3000 | 11.0000 |
reporting for easykobo.com on Wednesday, May 30 2018 from Lagos, Nigeria
Source - analysts at
AIICO Capital Ltd in Victoria Island