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Dutch Auction

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Auction No74 held on 9/27/2010
Total Amount OfferedUS$ 650,000,000.00
Total Amount DemandedUS$ 741,382,706.94
Total Amount SoldUS$ 650,000,000.00
Highest Successfull Bid RateUS$ 150.53
Lowest Bid Rate149.59
No. of Successful18
No. of Unsuccessful6
Marginal BidUS$ 149.84
Number of Banks24
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Auction No73 held on 9/22/2010
Total Amount OfferedUS$ 400,000,000.00
Total Amount DemandedUS$ 646,260,190.79
Total Amount SoldUS$ 400,000,000.00
Highest Successfull Bid RateUS$ 150.09
Lowest Bid Rate149.59
No. of Successful11
No. of Unsuccessful13
Marginal BidUS$ 149.88
Number of Banks24
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Auction No72 held on 9/20/2010
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 501,163,122.05
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 149.83
Lowest Bid Rate149.40
No. of Successful10
No. of Unsuccessful13
Marginal BidUS$ 149.62
Number of Banks23
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Auction No71 held on 9/15/2010
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 350,492,841.25
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 149.75
Lowest Bid Rate149.40
No. of Successful14
No. of Unsuccessful5
Marginal BidUS$ 149.46
Number of Banks19
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Auction No70 held on 9/13/2010
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 325,599,910.68
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 149.69
Lowest Bid Rate148.05
No. of Successful18
No. of Unsuccessful4
Marginal BidUS$ 149.40
Number of Banks22
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Auction No69 held on 9/8/2010
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 387,595,782.47
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 149.58
Lowest Bid Rate148.00
No. of Successful11
No. of Unsuccessful10
Marginal BidUS$ 149.30
Number of Banks21
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Auction No68 held on 9/6/2010
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 302,902,708.74
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 149.56
Lowest Bid Rate148.87
No. of Successful18
No. of Unsuccessful3
Marginal BidUS$ 149.18
Number of Banks21
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Auction No67 held on 9/1/2010
Total Amount OfferedUS$ 400,000,000.00
Total Amount DemandedUS$ 394,804,420.44
Total Amount SoldUS$ 394,804,420.44
Highest Successfull Bid RateUS$ 149.62
Lowest Bid Rate149.06
No. of Successful24
No. of Unsuccessful0
Marginal BidUS$ 149.06
Number of Banks24
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Auction No66 held on 8/30/2010
Total Amount OfferedUS$ 400,000,000.00
Total Amount DemandedUS$ 547,558,834.79
Total Amount SoldUS$ 400,000,000.00
Highest Successfull Bid RateUS$ 149.69
Lowest Bid Rate148.90
No. of Successful15
No. of Unsuccessful9
Marginal BidUS$ 149.28
Number of Banks24
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Auction No65 held on 8/25/2010
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 516,566,064.97
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 149.19
Lowest Bid Rate148.87
No. of Successful11
No. of Unsuccessful14
Marginal BidUS$ 149.06
Number of Banks25
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Facts : 1/1/1900
Agric Credit Guarantee Scheme:The Agricultural Credit Guarantee Scheme (ACGS) was established in 1977, under the management of the Central Bank of Nigeria. The scheme was designed to encourage banks to increase lending to the agricultural sector by providing guarantee against inherent risks.
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