CBN to Raise N138bn in Treasury Bills

The Central Bank of Nigeria (CBN) plans to issue 137.97 billion naira ($848.00 million) worth in treasury bills on June 4 with maturities ranging from three months to one year. 
A statement by the bank said it would auction N22.97 billion worth in three-month treasury bills, N30 billion of six-month paper and N85 billion of the one-year debt note.
Auction results are expected the following day, the bank said in a statement.
Yields on Nigerian short-dated debt have progressively declined in the last two months due to rising demand for the debt notes by local pension and offshore investors.
Source: Reuters

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