Tuesday, January 31, 2023
HomeBusinessSBP Raises Rs. 633.57 billion through T-bills Auction

SBP Raises Rs. 633.57 billion through T-bills Auction

As per the State Bank of Pakistan, the government raised Rs. 633.57 billion against the target of Rs500 billion through T-bills.

Recently, The SBP organized an auction for the sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs). As a result, SBP received bids approximately over Rs. 1.2 trillion.

Following are the details of the received bids:

  1. Rs. 949.75 billion for 3-month T-bills;
  2. Rs. 61.96 billion for 6-month T-bills;
  3. Rs. 172.36 billion for 12-month T-bills.

Out of the received bids, the federal government raised Rs. 472.13 billion from 3-month bids, Rs. 19.5 billion from 6-month T-bills and Rs. 98.7 billion from 12-month T-bills.

The cut-off yield for 3-month bids was 13.429%, whereas, it was at 13.289 % for 6-month bids, and 13.134% for 12-month.

The State Bank of Pakistan set February 12 for the next auction with the target amount of Rs. 300 billion.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Translate »