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