FG to Raise N143.85billion Treasury Bills

The Central Bank of Nigeria, CBN has said it plans to raise N143.85 billion worth of Treasury bills with maturities ranging between three months and a year on June 1, 2016.

The apex bank said it will issue N45.85 billion of 3-month debt, N18 billion in the 6-month paper and N80 billion of 1-year bills in a Dutch auction.

“Each bid must be in multiple of 1,000 naira subject to a minimum of 10,000 naira,” the bank said in a public notice.

Allotment letters are to be issued to successful bids on June 2, 2016.