LAGOS: Nigeria plans to sell 110.93 billion naira ($558.00 million) of Treasury bills with maturities ranging between three months and a year on May 18, the central bank said on Wednesday.
The bank will offer 32.43 billion nairas of 3-month debt, 22.82 billion in the 6-month paper and 55.68 billion of 1-year bills in a Dutch auction.
"Each bid must be in multiple of 1,000 naira subject to a minimum of 10,000 naira," the bank said in a public notice.
Allotment letters are to be issued to successful bids on May 19.
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