The apex bank said it will issue N17.85 billion worth in the 3-month paper, N18 billion in the 6-month paper and N93.32 billion n in the 1-year bill, using the Dutch Auction System.
Yields on Nigeria’s bonds fell below 10 per cent across maturities as trading started yesterday, traders said, a day after the CBN announced a surprise interest rate cut aimed at stimulating lending in the economy.
Traders said they are expecting lower returns on the short-date paper at the auction next week in tandem with the prevailing trend in the secondary market.
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