Nigeria to issue N127b treasury bills
Nigeria plans to
raise just under N127 billion ($843.8 million) in 91-day, 182-day and
364-day treasury bills next week, the Central Bank of Nigeria said on
Monday.
The regulator said
it would issue N31.57 billion in 91-day bills, N45 billion in 182-day
bills and N50 billion in one year paper using the Dutch Auction System
on Thursday.
The results of the auction would be released the following day, the
bank said. Bond dealers said they expected a significant rise in yields
in line with last week’s increase in the benchmark interest rate to
6.25 percent from 6.0 percent.
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