DMO offers N800 billion in T-bills on Wednesday as N148.6 billion matures for settlement
The Debt Management Office (DMO) will offer N800 billion in Nigerian Treasury Bills at its November 11, 2026 auction, against N148.565 billion in maturing securities, creating a potential net funding requirement of approximately N651.44 billion. The post DMO offers N800 billion in T-bills on Wednesday as N148.6 billion matures for settlement appeared first on Nairametrics .
On November 11, the Debt Management Office (DMO) will auction N800 billion in Nigerian Treasury Bills to settle N148.565 billion in maturing securities. This creates a potential net funding requirement of around N651.44 billion. The securities will be offered via a Dutch auction, with settlement taking place on November 12. The DMO's offer is about 5.4 times the amount of Treasury Bills set to mature on the auction date.
If all offered bills are allotted, this would result in N651.44 billion in additional gross issuance, beyond what is required to refinance the maturing bills. Approximately 25% of total bids would be allotted, leaving 75% unallotted. This auction will determine if the DMO continues its selective allotment strategy or increases issuance to meet its funding target.
Recent auctions have shown the DMO's preference for limiting allotments, even with high investor demand. The upcoming auction will further illustrate how the DMO balances its funding needs with borrowing costs, especially with the banking system's substantial liquidity, which may fuel demand for government securities.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
