CBN to raise N168.3 billion in treasury bills on June 18

The Central Bank of Nigeria (CBN) said on Friday it would issue short-dated treasury bills on June 18 to raise N168.3 billion ($1.03 billion), part of a debt issuance programme it announced this week.

The bank plans to raise N33.26 billion in 3-month bills, N65.02 billion in 6-month, and 70 billion of one-year notes, using a reverse Dutch auction system.

Nigeria intends to raise N936.9 billion ($5.76 billion) through treasury bills over the next three months, according to a debt issuance calendar published by the bank on Tuesday.