CBN to Auction N823.5b Fresh Treasury Bills in Q1 2019

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By Dipo Olowookere

Treasury bills worth N823.5 billion would be offered for sale to investors in the first quarter of 2019, the Central Bank of Nigeria (CBN) has said.

In the Nigerian Treasury Bills Issue Programme First Quarter 2019 released by the central bank, a total of N985.9 billion worth of the debt instruments will mature in the period under review.

Business Post reports that the apex bank has already conducted the first sale of T-bills via primary market auction. This exercise was conducted on Wednesday, January 2, 2019 and it was oversubscribed by market players.

In the calendar released by the CBN, the bills would be auctioned across the three main maturities; 91-day, 182-day and 364-day.

In the first quarter of this year, the central bank is planning to sell N51.5 billion worth of the 91-day note, N164.9 billion worth of the 182-day paper and N607.1 billion worth of the 364-day instrument. See the calendar below.

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