CBN to Raise N120.5bn in Treasury Bills Next Week

Nigeria plans to sell N120.52 billion ($606 million) of 3-month, 6-month and 1-year Treasury bills on June 24, the central bank said on Wednesday.
The bank said in a statement it would sell N31.19 billion worth of the 3-month paper, N39.33 billion of the 6-month bill and N50 billion in the 1-year debt next week, using the Dutch auction System.
At an auction later on Wednesday, the bank is offering N143.64 billion worth of Treasury bills of tenors ranging between 3-month and 1-year. In addition, a total of N80 billion worth of Treasury bonds with maturities between 5-year and 20-year are also on offer at the same auction.
The results of both auctions will be published the Thursday.

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