DMO sells 1 year Treasury Bills at 15.89%

The Debt Management Office (DMO) confirmed Treasury bill yields rose across the board at an auction on Wednesday compared with a previous sale on Feb. 18, the Debt Management Office (DMO) said on Thursday. The DMO said it sold a total of 254.96 billion naira ($1.3 billion) of the debt against bids worth 318.58 billion […]

The DMO said it sold a total of 254.96 billion naira ($1.3 billion) of the debt against bids worth 318.58 billion naira.

The 91-day debt note worth 17.85 billion naira was sold at 10.8 percent compared with 10.75 percent fetched at the previous auction, the debt office said.

The 182-day paper worth 15.03 billion naira was sold at 14.85 percent versus 13.70 percent previously, it added.

The debt office said a total of 222.08 billion naira of the 1-year debt note attracted 15.89 percent against 15.25 percent at the previous auction.

Reuters

Comments 2

guutti

March 10, 2015 · 5:58 pm

Bros, could you explain , t-bills and bond yields in an easy to grasp way.If i buy a 100 naira worth of t-bills would i recieve 15.89% annually , also why are some tbills prices below or above 100, and how does that affect the yields.