July 4 (Lagos) - Below are the results from today's
NIGERIAN TREASURY BILLS PRIMARY MARKET AUCTION.
Investors today were able to get effective yields of close to 12%.
Auction Date | 04/07/2018 | 04/07/2018 | 04/07/2018 |
Allotment / Issue Date | 05/07/2018 | 05/07/2018 | 05/07/2018 |
Tenor | (91-Day) | (182-Day) | (364-Day) |
Offer Amount (=N=) | 9,520,117,000 | 33,925,693,000 | 127,058,893,000 |
Total Subscription (=N=) | 18,755,348,000 | 33,985,150,000 | 99,362,021,000 |
Repayment (=N=) | - | - | 68,201,881,000 |
Allotment (=N=) | 9,520,117,000 | 33,925,693,000 | 58,857,012,000 |
Range of Bid Rates (%): | 9.8000 – 12.5000 | 10.2900 – 11.5000 | 11.0000 – 18.2000 |
Stop Rates (%): | 10.0000 | 10.5000 | 11.5096 |
reporting for easykobo.com on july 4 2018 from Lagos, Nigeria
Source - analysts at
AIICO CAPITAL LTD in V.I.