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Dutch Auction

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Auction No44 held on 6/11/2012
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.86
No. of Successful19
No. of Unsuccessful1
Marginal BidUS$ 155.90
Number of Banks20
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Auction No43 held on 6/6/2012
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.84
No. of Successful18
No. of Unsuccessful0
Marginal BidUS$ 155.84
Number of Banks18
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Auction No42 held on 6/4/2012
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.80
No. of Successful20
No. of Unsuccessful0
Marginal BidUS$ 155.80
Number of Banks20
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Auction No41 held on 5/30/2012
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.75
No. of Successful18
No. of Unsuccessful0
Marginal BidUS$ 155.75
Number of Banks18
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Auction No40 held on 5/28/2012
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.75
No. of Successful19
No. of Unsuccessful0
Marginal BidUS$ 155.75
Number of Banks19
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Auction No39 held on 5/23/2012
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 200,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.69
No. of Successful18
No. of Unsuccessful0
Marginal BidUS$ 155.69
Number of Banks18
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Auction No38 held on 5/21/2012
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 150,000,000.00
Highest Successfull Bid RateUS$ 156.05
Lowest Bid Rate156.69
No. of Successful21
No. of Unsuccessful0
Marginal BidUS$ 155.69
Number of Banks21
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Auction No37 held on 5/16/2012
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 200,000,000.00
Highest Successfull Bid RateUS$ 156.21
Lowest Bid Rate155.69
No. of Successful19
No. of Unsuccessful0
Marginal BidUS$ 155.69
Number of Banks19
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Auction No36 held on 5/14/2012
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 150,000,000.00
Highest Successfull Bid RateUS$ 155.71
Lowest Bid Rate155.69
No. of Successful18
No. of Unsuccessful0
Marginal BidUS$ 155.69
Number of Banks18
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Auction No35 held on 5/9/2012
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 150,000,000.00
Highest Successfull Bid RateUS$ 155.86
Lowest Bid Rate155.75
No. of Successful18
No. of Unsuccessful0
Marginal BidUS$ 155.75
Number of Banks18
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Facts : 1/1/1900
Operation Feed the Nation (O.F.N.):Operation Feed the Nation was introduced by the federal military government headed by General Olusegun Obasanjo in 1979.It had the specific focus of increasing food production on the premise that availability of cheap food would ensure a higher nutrition level and invariably lead to national growth and development.OFN lasted till the civilian government of Alhaji Shehu Shagari in 1979.
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