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Here is how much interest CBN paid for last week’s treasury bills

The CBN has confirmed it raised N183.64 billion  ($923 million) in Treasury bills at a lower yield when compared with the previous sale last month. It paid 10.5%, 14.1% and 14.15% for a 91day, 182 day and 364 days tenured treasury bills. This compares to the 10.69%, 14.5% and 14.85% it borrowed for in 91,182 and 365 days treasury bills […]

The CBN has confirmed it raised N183.64 billion  ($923 million) in Treasury bills at a lower yield when compared with the previous sale last month. It paid 10.5%, 14.1% and 14.15% for a 91day, 182 day and 364 days tenured treasury bills. This compares to the 10.69%, 14.5% and 14.85% it borrowed for in 91,182 and 365 days treasury bills the auction of March 26th, 2015. See break down of most recent auction;

Auction Date 4/8/2015
Security Type NTB
Tenor 91
Auction No 08/04/2015-91 Day
Auction Primary Market
Maturity Date 7/9/2015
Total Subscription 25527.984
Total Successful 20159.21
Range Bid 9.5000 – 15.0000
Successful Bid Rates 9.5000 – 10.5000
Description Issue
Rate 10.5
True Yield 10.7823
Amount Offered (mn) 20159.21
Auction Date 4/8/2015
Security Type NTB
Tenor 182
Auction No 08/04/2015-182 Day
Auction Primary Market
Maturity Date 10/8/2015
Total Subscription 52053.347
Total Successful 33490.874
Range Bid 13.0000 – 15.6915
Successful Bid Rates 13.0000 – 14.1000
Description Issue
Rate 14.1
True Yield 15.1663
Amount Offered (mn) 43490.874
Auction Date 4/8/2015
Security Type NTB
Tenor 364
Auction No 08/04/2015-364 Day
Auction Primary Market
Maturity Date 4/7/2016
Total Subscription 345562.378
Total Successful 130000
Range Bid 11.0000 – 16.3185
Successful Bid Rates 11.0000 – 14.1500
Description Issue
Rate 14.15
True Yield 16.4748
Amount Offered (mn) 120000

 

 

 





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