Nigerian Treasury Bills Auction Results for April 20, 2016

Proshare

 

Wednesday, April 20, 2016 9:50 PM / Cordros Capital

At the NTB auction held today, the apex bank allotted N36.79 billion of the 91-day, N35.00billion of the 182-day and N95.73 billion of the 364-day bills at respective stop rates of 7.8802% (vs. 6.10% at the previous auction), 8.99% (vs. 8.69 % at the previous auction), and 10.2485% (vs. 9.488% at the previous auction).

 

Compared to the previous auction, the range of bid rates for the 182 and 364-day bills were slightly wider; however, there was no material change for that of the 91-day bill. 


 

NB:

Today, in the secondary market, bills maturing close to the 91 and 182-day bills offered at the auction (92D: +28bps to 6.83% and 183D: +183bps to 9.19%) recorded expansions, while that of the 364-day bill (351D: -12bps to 10.34%) recorded a decline from yesterday's close 

For further details, contact research@cordros.com  

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