Sep 12 (Lagos) - Below are the results of today's Nigerian Treasury Bills Primary Market Auction.
It is not surprising that the stock market declined sharply today while the T-bill were heavily oversubscribed. This is where you want to be until the bears on the stock exchange relent their tight grip on equities.
Auction Date | 12/09/2018 | 12/09/2018 | 12/09/2018 |
Allotment / Issue Date | 13/09/2018 | 13/09/2018 | 13/09/2018 |
Tenor | (91-Day) | (182-Day) | (364-Day) |
Offer Amount (=N=) | 6,217,066,000 | 4,002,523,000 | 126,085,442,000 |
Total Subscription (=N=) | 3,382,186,000 | 7,648,976,000 | 202,336,377,000 |
Allotment (=N=) | 2,650,808,000 | 4,002,523,000 | 129,651,700,000 |
Range of Bid Rates (%): | 11.0000 – 14.0000 | 12.0000 – 13.1970 | 11.0000 – 20.0000 |
Stop Rates (%): | 11.0000 | 12.3000 | 13.5000 |
reporting for easykobo.com