CBN to raise N111bn in Treasury bills | Independent Newspapers Limited
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CBN to raise N111bn in Treasury bills

Posted: May 11, 2016 at 8:14 pm   /   by   /   comments (0)



The Central Bank of Nigeria (CBN) plans to sell N110.93 billion of Treasury bills with maturities ranging between three months and a year on May 18, it said on Wednesday, reports Reuters.

The bank will offer N32.43 billion of 3-month debt, N22.82 billion in the 6-month paper and N55.68 billion of 1-year bills in a Dutch auction.

“Each bid must be in multiple of N1,000 subject to a minimum of N10,000,” the bank said in a public notice. Allotment letters are to be issued to successful bids on May 19.