July 27, 2016/Cowry Research

Amount on Offer-       50.00BN

Tenor-                       288-day

Total Subscription-     N133,619,442,000.00

Maturity date-           11/May/2017

Range of Bids-          16.9500 – 20.0000 per cent

Stop Rate-                18.0000 per cent

Total Sale-                 N87,662,542,000.00