Result from today's T-Bills Primary Market Auction   
Nov 28 (Lagos) - Below are the details of today's Nigerian Treasury Bills Primary Market Auction. 



The 182 day bill and 364 day bill was heavily oversubscribed and no surprises given the yeild that is on offer. The effective yields on the 364 day bill will be well over 16% now. The money is clearly flowing into the T-bills ahead of elections. 

 

Auction  Date

28/11/2018

28/11/2018

28/11/2018

Allotment / Issue  Date

29/11/2018

29/11/2018

29/11/2018

Tenor

(91-Day)

(182-Day)

(364-Day)

Offer Amount  (=N=)

22,727,507,000

24,802,939,000

103,071,723,000

Total Subscription (=N=)

24,519,086,000

45,326,600,000

202,195,181,000

Allotment (=N=)

24,372,790,000

23,157,656,000

103,071,723,000

Range of Bid Rates (%):

10.8000 – 11.0000

12.5000 – 14.0000

13.5000 – 16.4250

Stop Rates (%):

10.9000

13.1000

14.4500





reporting for easykobo.com on Wednesday, Nov 28 2018 from Lagos, Nigeria
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