Nov 14 (Lagos) - Below are the results from today's Nigerian Treasury Bills Primary Market Auction.
Both the 182 day 364 day bill were heavily over subscribed but was there was no over allotment.
The stop rate of 14.45% on the 364 day bill means that the effective yield will climb above 16% and money will pour into these instruments in coming days.
Auction Date | 14/11/2018 | 14/11/2018 | 14/11/2018 |
Allotment / Issue Date | 15/11/2018 | 15/11/2018 | 15/11/2018 |
Tenor | (91-Day) | (182-Day) | (364-Day) |
Offer Amount (=N=) | 3,384,180,000 | 16,920,900,000 | 107,938,478,000 |
Subscription (=N=) | 3,682,039,000 | 71,961,839,000 | 328,263,483,000 |
Allotment (=N=) | 3,384,180,000 | 16,920,900,000 | 107,938,478,000 |
Range of Bid Rates (%): | 10.8000 – 12.0000 | 11.5000 – 14.0000 | 13.7000 – 15.9500 |
Stop Rates (%): | 10.9500 | 13.1600 | 14.4500 |
reporting for easykobo.com on Wednesday, Nov 14 2018 from Lagos, Nigeria