Expect N873 Billion Worth of Treasury Bills In Q3

Nigeria plans to borrow about 872.96 billion naira ($4.4 billion) in a new Treasury bills issue between June 18 to Sept. 3, the Central Bank of Nigeria said on Monday.

The Bank said it will auction 215.12 billion Naira worth of the 3-month paper, 238.5 billion in the 6-month debt and 419.34 billion worth in the 1-year paper.

The total debt proposed for the third quarter is 12.3 percent short of the 995.5 billion raised in the second quarter of the year, the data released by the bank showed.