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CBN sells N277.9bn worth of treasury bills

24 May 2013, 16:00

Lagos- The Central Bank of Nigeria (CBN) sold treasury bills worth N227.91 billion this week.

The Financial Market Dealers Association (FMDA) disclosed this on its Website on Friday.

FMDA said that five categories of treasury bills were sold at the last biweekly auctions.

It said the auctions included the Open Market Operation (OMO) which comprised the 139-day and 128-day tenor bills.

FMDA said that N59.53 billion worth of 139-day bills were sold, while N110.8 billion worth of 128-day treasury bills were sold.

The 139-day and 128-day tenor bills had yield rates of 13.32 per cent and 13.03 per cent, respectively.

It also said that the 91-day, 182-day and 364-day tenor bills were auctioned at the Primary Market Auction (PMA)

"The three bills - the  91-day, 182-day and 364-day tenor bills - worth N25.65 billion, N31.25 billion and N50.68 billion, respectively.

"They traded at yield rates of 9.20 per cent, 12.45 per cent and 14.30 per cent, respectively,`` the association said.


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