Nigeria sold N171.26bn ($1.03bn) worth of treasury bills with maturities ranging between three months and one year at an auction this week, with mixed yields, the Debt Management Office said on Thursday.
The debt office said N59.88bn worth of three-month paper was sold at 9.80 per cent, 15 basis points lower than at the previous auction on September 24.
A total of N45bn was sold in six-month bills at 10.20 per cent against 10.10 per cent at the last auction, while N66.38bn worth was sold in one-year notes at 11.25 per cent compared with 10.35 per cent previously.
Total Subscriptions was N201.92bn, against N181.14bn at the last auction.
The government had last week disclosed the plan to raise N96.26bn ($587m) with treasury bills with maturities ranging between three months and one year on October 23.
The Central Bank of Nigeria said it would issue N34.88bn in the 91-day paper, N30bn in the 182-day note and N31.38bn in the 1-year paper, using the Dutch Auction System.
The CBN, in a public notice, said the results of the auction would be released last week Thursday and settlement would be on October 25.
Punch
