Nigeria raises N213bn in treasury bills

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Naira on Treasury Aution
Naira on Treasury Aution

Nigeria raised N212.85 billion  ($654.92 million) in an auction of treasury bills on Wednesday with yields little changed from previous sales.

This is contained in a data from the Debt Management Office released on Thursday.

The debt office raised N45.85 billion of three-month paper at 14.38 percent, down from 14.99 per cent in mid-August; N62 billion  of six-month bills at 17.50 per cent, up from 17.48 per cent and 105 billion of one-year paper at 18.42 per cent, down from 18.50 per cent.

Higher subscriptions on the one-year sale suggested some offshore investors participated, market players said.

On Monday, offshore investors traded about 270 million  dollars through the interbank forex market to fund investments in Naira debt. (Source : Reuters )

 


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