Results from today's T-Bills Primary Market Auction   
Oct 31 (Lagos) - Below are the results from today's Nigerian Treasury Bills Primary Market Auction.


The yield on the 365 day bill is looking very attractive now. 


No wonder the stock market sold off 2% today giving up all the gains of last week. There was heavy over subscription in the 364 day bill and no surprises there. This yield can be expected to go higher as elections come closer and liquidity gets tighter. 

 

Auction  Date

31/10/2018

31/10/2018

31/10/2018

Allotment / Issue  Date

01/11/2018

01/11/2018

01/11/2018

Tenor

(91-Day)

(182-Day)

(364-Day)

Offer Amount  (=N=)

9,541,924,000

47,709,615,000

88,037,883,000

Subscription (=N=)

7,913,753,000

43,522,527,000

212,000,523,000

Allotment (=N=)

7,851,744,000

43,522,527,000

93,915,151,000

Range of Bid Rates (%):

10.7000 – 13.0000

12.0000 – 13.4900

13.2000 – 15.9900

Stop Rates (%):

10.9752

13.4900

14.4000


reporting for easykobo.com on Wednesday, Oct 31 2018 from Lagos, Nigeria
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