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Primary Auction of CBN Treasury Bills Today

Bonds
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Tuesday, January 03, 2017 10:33 AM / Arthur Steven Asset Mangt

Summary

Facts about investing in Treasury Bills 

What are Treasury Bills

Treasury Bills are government securities offered at a short tenor, with maturity spectrums of 91 days, 182 days and 364 days. 

Benefits of Investing in Treasury Bills: 

The income/interest from investing in T-bills is tax free, so interest received is not subject to withholding tax, and you will receive an immediate  Investment confirmation letter for the Treasury bills.  Also note that the T-bill certificates can be used as collateral for securing loans. 

Liquidity, Interest & Principal Repayment

Being a Pure discount instrument, a successful bid ensures the receipt of the interest on the instrument upfront, while the original investment is repaid on the maturity date of the instrument. 

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