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KARACHI: The State Bank of Pakistan (SBP) sold treasury bills worth Rs132 billion at an auction held on Wednesday, according to a statement.The latest auction result released by the central bank showed that it accepted bids amounting to Rs132.5 billion in three-, six- and 12-month maturities against total face value of Rs139.9 billion for the auction.
The accepted bids are lower than the amount of Rs150 billion set for the said auction, it said.The cutoff yields of three-, six-, and 12-month treasury bills stood at 9.2754pc, 9.3181pc and 9.3751pc, respectively. The government has targeted to borrow Rs1.125trn from the banking system during Oct-Dec through the sale of three-, six-, and 12-month market treasury bills with maturities worth Rs1.134 trillion.
The accepted bids are lower than the amount of Rs150 billion set for the said auction, it said.The cutoff yields of three-, six-, and 12-month treasury bills stood at 9.2754pc, 9.3181pc and 9.3751pc, respectively. The government has targeted to borrow Rs1.125trn from the banking system during Oct-Dec through the sale of three-, six-, and 12-month market treasury bills with maturities worth Rs1.134 trillion.
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