FG to raise N117.9bn via T-Bills Wednesday

The federal government of Nigeria will this Wednesday 31 May 2017 raise a total of N117.9 billion through issuance of Treasury –Bills (T-Bills).

The T-bills which is a continuation of the government’s monthly fund raising exercise through h T-Bills, which has started generating reactions from prospective investors positioned to leverage on its higher rate of returns when compared with some debt instruments and equities investing would be delivered in three tenors.

The expected T-Bills according to their tenors are 91 days, N26.14 billion with indicative coupon rate of 13.0 -13.50 per cent, also, 182 Days tenor T-Bill of N11.05 Billion value and indicative coupon of 16.5 – 17.10 per cent and 364 Days T-Bills worth N80.00 Billion and with indicative rate of 17.9 – 18.30 per cent.

To participate in this auction, investment companies have urged prospective investors to ensure funding their account and the also ensure completion of indication of interest forms in their respective websites, on or before 5.00pm on Tuesday, May 30th, 2017.