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Dutch Auction

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Auction No66 held on 9/5/2005
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 100,000,000.00
Total Amount SoldUS$ 101,068,936.20
Highest Successfull Bid RateUS$ 133.00
Lowest Bid Rate129.45
No. of Successful759
No. of Unsuccessful42
Marginal BidUS$ 129.57
Number of Banks54
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Auction No64 held on 8/29/2005
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 80,000,000.00
Total Amount SoldUS$ 128,841,466.53
Highest Successfull Bid RateUS$ 135.00
Lowest Bid Rate127.87
No. of Successful689
No. of Unsuccessful56
Marginal BidUS$ 129.57
Number of Banks55
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Auction No63 held on 8/29/2005
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 100,000,000.00
Total Amount SoldUS$ 45,013,396.38
Highest Successfull Bid RateUS$ 133.00
Lowest Bid Rate129.87
No. of Successful281
No. of Unsuccessful7
Marginal BidUS$ 129.87
Number of Banks28
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Auction No62 held on 8/22/2005
Total Amount OfferedUS$ 120,000,000.00
Total Amount DemandedUS$ 120,000,000.00
Total Amount SoldUS$ 117,643,954.56
Highest Successfull Bid RateUS$ 134.00
Lowest Bid Rate132.85
No. of Successful727
No. of Unsuccessful10
Marginal BidUS$ 132.85
Number of Banks60
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Auction No61 held on 8/17/2005
Total Amount OfferedUS$ 120,000,000.00
Total Amount DemandedUS$ 120,000,000.00
Total Amount SoldUS$ 122,935,058.59
Highest Successfull Bid RateUS$ 133.20
Lowest Bid Rate132.86
No. of Successful706
No. of Unsuccessful32
Marginal BidUS$ 132.86
Number of Banks57
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Auction No60 held on 8/16/2005
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 150,000,000.00
Total Amount SoldUS$ 143,515,167.91
Highest Successfull Bid RateUS$ 133.60
Lowest Bid Rate130.00
No. of Successful858
No. of Unsuccessful65
Marginal BidUS$ 132.86
Number of Banks56
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Auction No59 held on 8/12/2005
Total Amount OfferedUS$ 130,000,000.00
Total Amount DemandedUS$ 130,000,000.00
Total Amount SoldUS$ 132,476,402.46
Highest Successfull Bid RateUS$ 133.10
Lowest Bid Rate132.25
No. of Successful800
No. of Unsuccessful42
Marginal BidUS$ 132.86
Number of Banks56
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Auction No58 held on 8/8/2005
Total Amount OfferedUS$ 130,000,000.00
Total Amount DemandedUS$ 130,000,000.00
Total Amount SoldUS$ 134,433,095.96
Highest Successfull Bid RateUS$ 134.00
Lowest Bid Rate132.76
No. of Successful783
No. of Unsuccessful72
Marginal BidUS$ 132.88
Number of Banks54
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Auction No57 held on 8/3/2005
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 150,000,000.00
Total Amount SoldUS$ 156,763,859.68
Highest Successfull Bid RateUS$ 134.00
Lowest Bid Rate132.00
No. of Successful744
No. of Unsuccessful69
Marginal BidUS$ 132.88
Number of Banks54
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Auction No56 held on 8/1/2005
Total Amount OfferedUS$ 120,000,000.00
Total Amount DemandedUS$ 120,000,000.00
Total Amount SoldUS$ 135,991,782.25
Highest Successfull Bid RateUS$ 134.00
Lowest Bid Rate131.70
No. of Successful668
No. of Unsuccessful139
Marginal BidUS$ 132.86
Number of Banks56
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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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