FG plans N114b Treasury Bill sale on July 25

By The Rainbow

The Federal Government plans to sell 114.8 billion naira in treasury bills with maturities ranging from three months to one year at its twice-monthly auction on July 25, the central bank said on Wednesday.

The regulator said it will auction 24.8 billion naira in 91-day bills, 30 billion naira in 182-day notes and 60 billion naira in 364-day paper, using the Dutch auction system.

Yields at the short-end of the T-bill curve have been rising as bank try to attract offshore and local funds.