Jan 2 (Lagos) - Below are the results from 2019's first Nigerian Treasury Bills Primary Market Auction held today.
All the three T-Bills were heavily oversubscribed and yields continue to go up. The stock market fell more than 1% today and no surprises why because the funds went into t-bills given the yields.
Those yields are a Happy New Year gift to investors.
Auction Date | 02/01/2019 | 02/01/2019 | 02/01/2019 |
Allotment / Issue Date | 03/01/2019 | 03/01/2019 | 03/01/2019 |
Tenor | (91-Day) | (182-Day) | (364-Day) |
Offer Amount (=N=) | 10,000,000,000 | 20,000,000,000 | 44,837,720,000 |
Subscription (=N=) | 20,163,183,000 | 24,505,944,000 | 69,722,398,000 |
Allotment (=N=) | 10,000,000,000 | 20,000,000,000 | 44,837,720,000 |
Range of Bid Rates (%): | 10.5000 – 11.9000 | 12.8000 – 14.2500 | 14.4000 – 16.0000 |
Stop Rates (%): | 10.8990 | 13.1000 | 14.5000
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reporting for easykobo.com on Wednesday, Jan 2 2019 from Lagos, Nigeria