• Thursday, July 25, 2024
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BusinessDay

CBN to issue $5bn in T-bills in Q2

The Central Bank of Nigeria (CBN) plans to issue new Treasury bills worth N995.5 billion ($5 billion) as from March 19, the regulator said on its debt issuance calendar on Friday.

The debt will have tenors of between 3-month and 1-year maturities, the bank said.

The bank will issue a total of N202.25 billion of the 3-month maturities during the period, and a total of N236.81 billion worth of the 6-month tenor.

A total of N556.46 billion worth of the 1-year paper will be sold during the period, the bank said.

The bank said a total of N945.5 billion worth of Treasury bills issued earlier will be due for repayment during the same period.