Tender Notice: Central Bank of Nigeria on Behalf of DMO Nigerian Treasury Bills

Tender Notice: Central Bank of Nigeria on Behalf of DMO Nigerian Treasury Bills

Notice is hereby given by the Central Bank of Nigeria on behalf of DMO that the Federal Government of Nigeria Treasury Bills of 91, 182 and 364-day tenors amounting to 21, 538,344,000 33,783,245,000 and N59, 081,137,000 respectively would be issued by Dutch auction on Thursday, September 25, 2014.

All Money Market Dealers should submit bids through the CBN S4 WEB INTERFACE between 9.00a.m and 11.00 am, on Wednesday, September 24, 2014.

Each bid must be in multiple of N1, 000 subject to a minimum of N10, 000. Authorized Money Market Dealers are allowed to submit multiple bids. A bid may be for authorized Money Market Dealers own account, Non-Money Market Dealers or interested members of the public. The result of the auction would be announced by 11.30 a.m. on Wednesday, September 24, 2014. The Bank reserves the right to reject any bid.

Allotment letters would be issued for successful bids on Thursday, September 25, 2014, while payment for the successful bids should be made to your account with Central Bank of Nigeria not later than 11 .00am on Thursday, September 25, 2014.
The Bank reserves the right to vary the amount on offer in line with market realities prevailing as at the period of auction of the Nigerian Treasury Bills.

Closing Date:
25th September 2014

Submission:

Government Securities Office
Central Bank of Nigeria
Abuja.