CBN raises N114.4bn in T. bills, yields mixed

The Central Bank of Nigeria (CBN) sold N114.39 billion ($698 million) worth of treasury bills with maturities ranging between three months and one year at an auction this week, with yields mixed, the apex bank said on Friday.

The bank sold N21.53 billion worth of three-month paper at 9.95 percent, higher than 9.58 percent at a previous auction on September 17. It sold N33.78 billion in 6-month notes at 10.10 percent, 13 basis points lower than the previous auction.

It raised N59.08 billion in one-year debt at 10.35 percent, the same yield the paper fetched the last time it was sold on September 3.

Total demand stood at N181.44 billion at the auction, compared with 122 billion for the 3-month and 6-month paper sold at the September 17, auction.

Reuters