Govt raises Rs520.5bn from T-bills
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KARACHI: The State Bank of Pakistan (SBP) on Wednesday sold Market Treasury Bills (MTB) worth Rs520.55 billion from the three-, five- and 12-month tenors, a press release showed.
The SBP had set an auction target of Rs450bn against a maturing amount of Rs603.9bn.
The data showed that the cut-off yields for three-, six- and 12-month papers were relatively unchanged at 7.1292 per cent, 7.18pc and 7.309pc respectively.
Meanwhile, the total amount offered was Rs918.48bn, of which the SBP accepted bids worth Rs474.8bn.
Investors bid Rs490.90bn in three-month, Rs239.58bn in six-month and Rs188bn in the 12-month papers, of which it accepted bids of Rs113.8bn, Rs192bn and Rs169bn respectively.
In addition, the SBP also picked up Rs45.74bn from the non-competitive auction.
Published in Dawn, September 24th, 2020
