The federal government is scheduled to pay N847.43b to investors in the first quarter of 2020 as treasury bills mature.
The Central Bank of Nigeria, in a circular on Wednesday, said of the N847.43b total treasury bills, N86.62b had 91-day tenors, N163.04b had 182-day tenors and N597.77b had 364-day tenors.
The circular read in part, “Treasury bills worth N52b will mature in January (N18m 91-day bills and N34m 182-day bills) while N529.92m Treasury bills will mature in February (N43.87b 91-day bills, N80.28b 182-day bills and N405.77b 364-day bills.
“Another N265.5b worth of Treasury bills will mature in March with N24.7bm, N48.75b and N192b spread across the 91-day, 182-day and 364-day tenors.”
The CBN also planned to issue N847.44b worth of treasury bills in the first quarter of 2020.
It stated that N75.62m worth of Treasury bills with 91-day tenors would be issued while the 182-day tenor would see N141.04m worth of Treasury bills issued.
It added that the N630.77b worth of Treasury bills with 364-day tenor would be issued.
The circular gave the breakdown of the issuances with 91-day tenors to include N7b in January, N43.87b in February and N24.75b in March.
On the 182-day tenored bills, it said N12b would be offered in January, N80.28m in February and N48.75m in March.
The CBN said it would offer for subscription on the 364-tenor N33b in January, N405.77b in February and N192b in March.
It added that the amounts scheduled for subscription offer might change at short notice.
Frontpage October 23, 2019
Frontpage November 3, 2020