CBN To Release For Public Sale N795.427bn Treasury Bills In First Quarter Of 2020

The Central Bank of Nigeria has planned to release for public sale treasury bills worth N795.427 billion in the first quarter of 2020.

Treasury bills are government bonds or debt securities with maturity of less than a year.

The debt instrument to be auctioned would be made up of 91-day, 182-day and 364-day bills.

A breakdown of the Treasury Bills showed that the Apex bank would issue a N68.625 billion for 91-day bills, N129.036 billion for the 182-day and N597.765 billion for the 364-day.

A total of five treasury bills’ auctions would hold in the period under review.

The bills also valued at same amount would be mature during the period.

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