Nigeria to raise 138 bln naira in Treasury bills

Nigerian currency

Nigeria plans to issue 137.97 billion naira ($848.00 million) worth in treasury bills on June 4 with maturities ranging from three months to one year, the central bank said on Wednesday.
The bank said it would auction 22.97 billion naira worth in three-month treasury bills, 30 billion naira of six-month paper and 85 billion naira of the one-year debt note.
Auction results are expected the following day, the bank said in a statement.
Yields on Nigerian short-dated debt have progressively declined in the last two months due to rising demand for the debt notes by local pension and offshore investors.