Nigeria sells 129 bln naira in Treasury bills, yields mixed

Nigeria raised 129.17 billion naira ($649.10 million) in Treasury bills with maturities from three months to a year at an auction on Wednesday, with mixed yields compared to returns at previous auctions, the central bank said on Friday.
The result of the auction showed that the bank sold 57.85 billion naira worth of three-month paper at 5.61 percent, up from 5.34 percent at the Nov. 18 auction.
It also sold 18 billion naira worth of six-month debt at 7 percent against 7.2 percent previously, and 53.32 billion naira of one-year paper sold at 8 percent compared with 8.5 percent.
Total demand for the paper rose to 407.53 billion naira compared with 301.04 billion naira demanded by investors at the last auction.