KARACHI, Aug 7: The State Bank on Wednesday moped up Rs27,909.555 million of Rs28,800 million face value from the sale of Government of Pakistan Market Treasury Bills of six months maturity through primary dealers.

Bids for three months and 12 months have been rejected by the central bank, the SBP announced here. The cut-off yield for six months maturity PMT bills has been accepted at 6.4373 per cent per annum while the weighted average yield will be 6.3985 per cent per annum.

According to the SBP, the offer for three months maturity bills were to the tune of Rs1,973.600 million of Rs2,000 million face value and for six months, the offer was Rs28,151.745 million of Rs29,050 million face value, while the discounted value for 12 months maturity bills was Rs22,115.775 million of Rs23,650 million face value.—APP