T-bill auction

Published June 3, 2008

KARACHI, June 2: The State Bank of Pakistan said on Monday it would auction Rs65 billion worth of 3-, 6-, and 12-month Treasury bills this week.

The auction will be on Wednesday with settlement due the following day, the SBP said.

At the last T-bill auction on May 21, the central bank sold Rs1.06 billion of its 12-month T-bills at a cut-off yield of 10.3427 per cent.—Reuters